Elang Mahkota Teknologi Tbk

EMTK

Overview

EMTK Overview

PT Elang Mahkota Teknologi Tbk is engaged media business. The Company’s segments include Media, Solution, Healthcare, and Others. The Media segment represents free-to-air (FTA) of television broadcasting under the seven television channels, PT Indosiar Visual Mandiri, PT Surya Citra Televisi, PT Surya Citra Pesona, PT Surya Media Citaprima, PT Citaprima Jakarta Televisi, PT Surya Media Berkah and PT Omni Intivision and subscription broadcasting of satellite television under PT Mediatama Televisi, content, film and video production and distribution, megaportal Website and digital publishing companies. The Solutions segment offers a range of infrastructure solutions and services that include telecommunications and networking solutions, banking software and hardware solutions, and telecommunication’s retail distribution solutions. The Healthcare segment represents a range of medical services. The Others segment offers Internet service provision, banking, investment, and other businesses.

2468101214ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: EMTK

Main
Market Cap.
IDR 26.99Trillion

~$1.69B USD

Industry
Online Applications & Services
Sub-Industry
Online Applications & Services
Sector
Technology

Valuation

EMTK Valuation Metrics

442

IDR
0.0%

Closing Price on 2024-05-22

Price to Equity

-191.76

P/E

At -191.76x P/E TTM, EMTK.JK is trading at a discount to its peers in the Software & IT Services sector.

Price to Book

0.78

P/B

At 0.78x P/B TTM, EMTK.JK is trading at a discount to its peers in the Software & IT Services sector.

Price to Sales

2.92

P/S

At 2.92x P/S TTM, EMTK.JK is trading at a premium to its peers in the Software & IT Services sector (avg 0.7x).

Valuing Elang Mahkota Teknologi Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Software & IT Services sector

Historical Price to Earnings

Other Valuation Metrics

Valuing Elang Mahkota Teknologi Tbk relative to other stocks in the Software & IT Services sector

Price/Cash Flow
23.71x
Price/Forward Earnings
25.39x
Enterprise Value/Revenue
1.89x
Enterprise Value/EBITDA
36.28x
PEG Ratio
-1.58x

Analyst Ratings

40
60
80
0
100

62.5

Recommended

Neutral

Not Recommended

Last closing: IDR4422024-05-22
IDR 295.11

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of EMTK is IDR295, which is 32% lower than EMTK's last closing price of IDR442 (as of 2024-05-22).

Valuation Recap of EMTK stock
WeightNotesScore
High
The P/E ratio is calculated by dividing the market price of a company's stock by its earnings per share (EPS). It is a key tool for investors and analysts to assess whether a stock is overvalued, undervalued, or fairly valued. A P/E ratio of -191.76x is below the ID market average of 8.70x and is trading at a discount to peers in the Software & IT Services sector (3.60x). In fact, less than 25% of its peers trade at a lower P/E ratio than EMTK.

High
The P/B ratio is calculated by dividing the market price of a company's stock by its book value per share (BVPS). It measures the company's stock value relative to its assets minus liabilities. A P/B ratio of 0.78x is below the peers average of 1.61x in the Software & IT Services sector.

Medium
The P/S ratio is calculated by dividing the market price of a company's stock by its sales per share. It measures the company's stock value relative to its sales. A P/S ratio of 2.92x is above the peers average of 0.71x in the Software & IT Services sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of EMTK's valuation relative to its current sales and future earnings growth. EMTK trades at a Forward P/E ratio of 25.39x, which is considered richly valued by analysts.

Low
The Price/Cash Flow ratio (P/CF) is calculated by dividing the market price of a company's stock by its cash flow per share. It measures the company's stock value relative to its cash flow, and is sometimes said to be a more objective measure of a company's value because cash flows cannot be manipulated as easily as earnings, which considers non-cash items such as depreciation and amortization. EMTK's P/CF ratio of 23.71x is considered a relatively high ratio by analysts.

Low
The Enterprise Value/Revenue ratio (EV/R) is calculated by dividing the enterprise value of a company by its revenue. It measures the company's enterprise value relative to its revenue. It is an indicator of how much it costs to buy the company's revenue; the lower the ratio, the cheaper the company's revenue. EMTK's EV/R ratio of 1.89x is considered fairly underpriced by the market The average EV/R ratio for the Software & IT Services sector is 0.55x.

Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of EMTK is IDR 295.11, which is 32% lower than EMTK's last closing price of IDR 442.00.

Peers

EMTK Peers and Comparison

Peer Companies

Supertype Fuzzy Search
SymbolCompany Name
Market Cap
(in Trillion IDR)
Total Assets
(in Trillion IDR)
Total Revenue
(in Trillion IDR)
Profit and Loss
(in Trillion IDR)
P/E
P/B
DCIIPT DCI Indonesia Tbk89.87T3.76T 1.31T 0.51T 175.1740.08
GOTOPT GoTo Gojek Tokopedia Tbk70.66T54.10T 14.79T -90.40T -0.781.86
BELIPT Global Digital Niaga Tbk55.94T12.84T 14.72T -3.64T -15.367.34
EMTKElang Mahkota Teknologi Tbk26.99T42.89T 9.24T -0.14T -191.760.78
BUKAPT Bukalapak.com Tbk13.40T26.12T 4.44T -1.37T -9.820.53
EDGEPT Indointernet Tbk.8.02T2.72T 0.95T 0.25T 31.695.47
MTDLMetrodata Electronics Tbk7.06T9.50T 20.92T 0.61T 11.562.05
MSTIPT Mastersystem Infotama Tbk.4.47T0.00T 0.00T 0.00T
CYBRPT ITSEC Asia Tbk.2.58T0.22T 0.00T 0.00T 26.63
MLPTPT Multipolar Technology Tbk.2.32T2.96T 3.27T 0.35T 6.633.66
Competitiveness Recap of EMTK stock
WeightNotesScore
High
At a market cap of IDR 26,994.18 billion, EMTK.JK ranks 4 in Market Cap out of 10 companies in the Technology sector.

High
At a PE of -191.76, EMTK.JK ranks 10 out of 10 companies in the Technology sector for P/E value. The average PE is 0.73 (unadjusted). A high P/E ratio often indicates higher growth expectation, or other qualitative factors that led investors to believe that the company has a defensible competitive advantage compared to its peers in Technology. In this regard, it trails behind sector leaders such as PT DCI Indonesia Tbk (175.17) in the Technology sector.

Medium
At a PE of -191.76, EMTK.JK is trading at a lower PE than that of its subsector peers in Software & IT Services (median of 3.60). A lower P/E value presents a potential value opportunity, but it might also indicate that the company is facing headwinds in its business.

Medium
At a revenue of IDR 9.24 trillion, EMTK.JK ranks 4 in Revenue out of 10 companies in the Technology sector.

Medium
At a profit of -IDR 0.14 trillion, EMTK.JK ranks 7 in Profit out of 10 companies in the Technology sector.

Future

Future Growth of EMTK

Growth Forecasts

EMTK 2024 Revenue Growth
+6.4%
EMTK 2025 Revenue Growth
+14.0%
EMTK 2024 EPS Growth
-613.5%
EMTK 2025 EPS Growth
-870.7%
Sector Revenue Growth
+34.4%
Software & IT Services
Indonesia Market Growth
+13.8%
IDX overall growth
Software & IT Services Sector Revenue Growth '24
+13.3%
Software & IT Services Sector Revenue Growth '25
+39.0%
Technology Sector Revenue Growth '24
+31.6%
Technology Sector Revenue Growth '25
+39.0%

Sector Benchmark

Software & IT Services companies in Indonesia are growing at a projected rate of 34.37% against the IDX average of +13.8%.

Software & IT Services sector overview

EMTK Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of EMTK
WeightNotesScore
High
EMTK's projected growth rate of 34.37% is above the ID market average of 13.80%.

High
The Software & IT Services sub-sector is projected to grow revenue by 39.03% in 2025. This number is higher than the previous year 2024's growth rate of 13.26%. This bodes well for EMTK's revenue growth prospects in the next 2 years.

Medium
The Software & IT Services sub-sector is projected to decrease earnings by -289.94% in 2025. This number is lower than the previous year 2024's EPS growth of -219.47%. false

Medium
EMTK and its peers in the Software & IT Services sub-sector belongs to the Technology sector. Companies in the Technology sector are projected to have a challenging year heading into 2025. Specifically, earnings are projected to decrease by -289.94% in 2025 while revenue growth is projected to increase by 39.03%. These macroeconomic trends will likely be a headwind for EMTK's earnings growth prospects in the next 2 years.

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Management

Executive Management

President Director

Rd. Alvin W. Sariaatmadja15.2 years

Vice President Director

Sutanto Hartono15.4 years
Yuslinda Nasution
Director
Sutiana Ali
Director
Jay Geoffrey Wacher
Director
Titi Maria Rusli
Director
NamePositionShares%
Alvin W. SariaatmadjaDirector35,500,0000.06
Eddy K. SariaatmadjaCommissioner13,439,147,45421.94
Ir. Susanto SuwartoCommissioner7,117,889,09011.62
Jay Geoffrey WacherDirector18,400,0000.03
Sutanto HartonoVice President Director14,000,0000.02
Sutiana Ali Director3,500,000< 0.01
Titi Maria RusliDirector4,000,000< 0.01
Yuslinda NasutionDirector12,546,0000.02
Expressed in millions IDR, unless otherwise stated

Ownership

EMTK Ownership

Others
23.01%
Insiders
74.55%
Institutions
2.44%
NameNumber of SharesOwnership (%)Value
Public (Scripless)15,355,276,22925.076,787.03B
Eddy K. Sariaatmadja13,439,147,45421.945,940.10B
Ir. Susanto Suwarto7,117,889,09011.623,146.11B
Pt Adikarsa Sarana6,404,560,36010.462,830.82B
Anthoni Salim5,510,302,22092,435.55B
Piet Yaury4,989,564,5008.152,205.39B
The Northern Trust Company S/A Archipelago Investment Pte Ltd4,290,909,1007.011,896.58B
Pt Prima Visualindo3,802,209,9806.21,680.58B
Treasury Stock243,946,5500.4107.82B
Alvin W. Sariaatmadja35,500,0000.0615.69B
Jay Geoffrey Wacher18,400,0000.038.13B
Sutanto Hartono14,000,0000.026.19B
Yuslinda Nasution12,546,0000.025.55B
Sutiana Ali 3,500,0000.011.55B
Titi Maria Rusli4,000,0000.011.77B

Largest Institutional Buy

Northern Trust Investments Inc
Bought 31-01-2024
+26,497,390 shares
BlackRock
Bought 31-01-2024
+9,267,902 shares
BlackRock Institutional Trust Company NA
Bought 31-01-2024
+9,117,789 shares

Largest Institutional Sell

Vanguard Group Inc
Sold 31-01-2024
-59,569,900 shares
First Trust Advisors L.P.
Sold 31-01-2024
-40,270,667 shares
TOBAM S.A.S.
Sold 31-01-2024
-22,333,100 shares

Institutional Transactions

Tracking institutional transactions buying / selling of EMTK stock