Mega Perintis Tbk PT (ZONE) fair value: what the stock is really worth
As of Oct 30, 2026: fair value (intrinsic value) of Mega Perintis Tbk PT stock IDR 353, price IDR 660, upside -46.5%, quality 61 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 1, 2026.
How to read this chart
60‑month range 314.82 IDR – 1,689 IDR · fair‑value band 281.29 IDR – 503.25 IDR · the 660.00 IDR price screens above the 353.00 IDR fair value. As of Nov 1, 2026.
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PT Mega Perintis Tbk engages in the manufacturing and retailing of men's apparel in Indonesia. It operates through two segments, Clothes and Accessories.
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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.
Stock analysis
Mega Perintis Tbk PT (ZONE) currently trades at 660.00 IDR, while our model-based Fair Value estimate is 353.00 IDR, 46.5% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 884.79 IDR per share, and 12 of the 24 models we run sit above the 660.00 IDR price.
Bear case: the Asset-Based group reads lowest at 111.50 IDR, and 12 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: 281.29 IDR (bear) to 503.25 IDR (bull), the price of 660.00 IDR sits above 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 61/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Mega Perintis Tbk PT 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.
Key figures
Market cap 574B IDR (≈ $31.7M) Micro · P/E ratio 11.7 · P/S ratio 0.22 · EPS (TTM) 56.43 IDR · Dividend yield 1.8% · Net margin 1.9% · Return on equity 7.7% · Return on assets (EBIT) 9.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 19% below its 52-week high and 110% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −13% fair-value upside, at −47%, ZONE screens richer than that median.
Fair Value models
Bear281.29 IDRFair Value 353.00 IDRBull503.25 IDR
Price 660.00 IDR · Upside -46.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (37.13 IDR per share) are deliberately not added.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.Coverage ⓘCoverage = 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.90/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+2.6%
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.
+2.6%
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.
+17.3%
Start year 2020 (pandemic). Over 10 years: +10.3% a year
Revenue growth 10 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.
+10.3%
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What shareholders gained per year (last 5 years), in IDR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in IDR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−18.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−20.3%
Dividend (yield on the price)1.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−20.3% vs −4.7%, slowing
Profit margin 2020 to 2025 ⓘ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.−11% → 5%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less 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).
−0.5%
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 −3.0% 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.Apparel Retail · 100 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score61 · Above median
Fair Value upside−46.5% · Bottom 25%
Profitability
Return on equity (12 months)7.7% · Below median
Return on assets1.8% · Below median
Net margin (12 months)3.5% · Below median
Operating margin (12 months)2.9% · Below median
Growth and dividend
Revenue growth (quarter YoY)10.3% · Above median
Dividend yield (12 months)1.8% · Below median
Balance sheet
Debt / equity0.05× · Above median
Valuation Multiplesvs Apparel Retail median · lower = cheaper
P/E (12 months)11.7× · Cheaper than median
P/B1.50× · Cheaper than median
P/S (12 months)0.66× · Cheaper than median
Price / free cash flow8.5× · Cheaper than median
EV/EBITDA6.6× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 52
FUTURE (revenue growth)52· sector 17
PAST (return on equity)31· sector 37
HEALTH (low debt)98· sector 100
DIVIDEND (yield)36· sector 59
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Mega Perintis Tbk PT (ZONE) overvalued or undervalued?
As of Nov 1, 2026, our model estimates a fair value of 353.00 IDR versus a price of 660.00 IDR, about −47% upside (overvalued).
What is the fair value of ZONE?
Our model-based fair value for Mega Perintis Tbk PT is 353.00 IDR (as of Nov 1, 2026), built from audited fundamentals. The current price: 660.00 IDR.
What is the quality score of ZONE?
Mega Perintis Tbk PT 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 price target for Mega Perintis Tbk PT (ZONE)?
Our model-based price target is the fair value of 353.00 IDR (as of Nov 1, 2026) from 24 valuation models. Cautious scenario 281.29 IDR, optimistic scenario 503.25 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Mega Perintis Tbk PT stock forecast for 2026?
Our models put fair value at 353.00 IDR, about −47% upside versus a price of 660.00 IDR (overvalued). Cautious scenario 281.29 IDR, optimistic scenario 503.25 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Mega Perintis Tbk PT (ZONE)?
Mega Perintis Tbk PT reported trailing-twelve-month revenue of about 869B IDR (latest available figure, as of Nov 1, 2026).
Does Mega Perintis Tbk PT pay a dividend?
Mega Perintis Tbk PT currently shows a dividend yield of 1.82% relative to its recent price (as of Nov 1, 2026).
What growth is priced into Mega Perintis Tbk PT (ZONE)?
For today's price to be fair in a discounted-cash-flow model, Mega Perintis Tbk PT would have to grow free cash flow by -0.5 % 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 +17.3 % per year. As of Nov 1, 2026.
What discount rate (WACC) does the fair value of ZONE use?
Our models discount Mega Perintis Tbk PT 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 Mega Perintis Tbk PT that is -0.5 % 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 Mega Perintis Tbk PT (ZONE) delivered so far?
Over the past 5 years revenue at Mega Perintis Tbk PT grew +17.3 % a year. The price currently implies -0.5 % 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 Mega Perintis Tbk PT (ZONE) growing?
The median revenue growth in the sector is +4.8 % a year. That is the yardstick for the growth priced into Mega Perintis Tbk PT (-0.5 % 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 Mega Perintis Tbk PT (ZONE)?
The free-cash-flow yield on the price is 11.76 %: that much free cash flow Mega Perintis Tbk PT 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 Mega Perintis Tbk PT (ZONE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mega Perintis Tbk PT it is 353.00 IDR per share (as of Nov 1, 2026), against a price of 660.00 IDR. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Mega Perintis Tbk PT stock overvalued or undervalued in 2026?
As of Nov 1, 2026, ZONE trades above its calculated fair value: price 660.00 IDR, fair value 353.00 IDR, a gap of about −47% (overvalued). 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 ZONE?
No. The price is what the market pays today (660.00 IDR); the fair value is what the company's own numbers justify (353.00 IDR). For Mega Perintis Tbk PT the two are 307.00 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Mega Perintis Tbk PT worth?
The market values Mega Perintis Tbk PT at about 574B IDR (market capitalisation, as of Nov 1, 2026). Per share that is 660.00 IDR; our models calculate a fair value of 353.00 IDR per share.
What do the bullish and bearish scenarios say about ZONE?
Our models span a range for Mega Perintis Tbk PT: cautious scenario 281.29 IDR, base 353.00 IDR, optimistic 503.25 IDR per share (as of Nov 1, 2026, price 660.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ZONE?
Mega Perintis Tbk PT trades at a price-to-earnings ratio of 11.7 (as of Nov 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 353.00 IDR is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2018 to 2025), reported earnings: 14.7. Other multiples: P/B 1.5, P/S 0.7, EV/EBITDA 6.6.
How solid is the balance sheet of Mega Perintis Tbk PT (ZONE)?
Balance-sheet figures for Mega Perintis Tbk PT (as of Nov 1, 2026): return on equity 7.7%, debt of 0.05 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is ZONE from its 52-week high?
Mega Perintis Tbk PT trades at 660.00 IDR, about 19% below its 52-week high of 810.00 IDR and 110% above the low of 314.82 IDR (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of 353.00 IDR is for.
Which stocks are comparable to Mega Perintis Tbk PT?
From the same area (Consumer Cyclical) we also value Industria de Diseño Textil, S.A, The TJX Companies, Inc, Fast Retailing Co, Ross Stores, Inc, 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 Mega Perintis Tbk PT stock attractive at the current price?
The data as of Nov 1, 2026: price 660.00 IDR, calculated fair value 353.00 IDR (−47%), Quality Score 61/100, from 24 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 ZONE calculated?
We run Mega Perintis Tbk PT through 24 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 353.00 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. Mega Perintis Tbk PT itself currently trades above fair value. 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 Mega Perintis Tbk PT (ZONE)?
The closing price on Oct 30, 2026 was 660.00 IDR. Our model-based fair value is 353.00 IDR, about −47% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mega Perintis Tbk PT right now?
The price sits above even our optimistic bull case (503.25 IDR). The favourable scenario is already priced in. 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 but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Mega Perintis Tbk PT (ZONE) come from?
Earnings per share at Mega Perintis Tbk PT grew +0.0 % a year from 2015 to 2025. Broken into its drivers: revenue per share +9.5 %, EBIT margin −6.8 %, tax rate −0.4 %, residual (interest, one-offs) −1.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Mega Perintis Tbk PT
How large is the market capitalisation of Mega Perintis Tbk PT (ZONE)?
The market capitalisation of Mega Perintis Tbk PT is 574B IDR (≈ $31.7M). 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 Mega Perintis Tbk PT (ZONE)?
The price-to-sales ratio of Mega Perintis Tbk PT is 0.22 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Mega Perintis Tbk PT (ZONE)?
Earnings per share at Mega Perintis Tbk PT are 56.43 IDR (price ÷ EPS = P/E 11.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Mega Perintis Tbk PT (ZONE)?
The dividend yield of Mega Perintis Tbk PT is 1.8% (payout 21.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Mega Perintis Tbk PT (ZONE)?
The net margin of Mega Perintis Tbk PT is 1.9% (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 Mega Perintis Tbk PT (ZONE)?
The return on equity (ROE) of Mega Perintis Tbk PT is 7.7% (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 Mega Perintis Tbk PT (ZONE)?
On an EBIT basis the return on assets of Mega Perintis Tbk PT is 9.5% (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 Mega Perintis Tbk PT (ZONE)?
The operating margin of Mega Perintis Tbk PT is 2.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mega Perintis Tbk PT (ZONE)?
Revenue at Mega Perintis Tbk PT is growing +10.3% versus a year earlier (3y avg +2.6%). 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 Mega Perintis Tbk PT (ZONE)?
Earnings per share at Mega Perintis Tbk PT are growing +29.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Mega Perintis Tbk PT (ZONE) carry?
The net debt of Mega Perintis Tbk PT is 222B IDR (fiscal year 2025, ≈ 3.3 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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Thin data
Nov 1, 2026