PT MAP Aktif Adiperkasa Tbk.

MAPA

+1.23%

Overview

MAPA Overview

PT Map Aktif Adiperkasa Tbk is an Indonesia-based sports, leisure, and kids’ retailer. The Company’s activities comprise mainly of retail trading of sports, golf, kids, and lifestyle products in more than 1,000 stores/outlets located in Jakarta, Bandung, Surab aya, Bali, Medan, Makassar, Batam, Manado and other cities in Indonesia. Its segments include retail sales and non-retail sales. Its brands include Starbucks, Zara, Marks & Spencer, SOGO, SEIBU, Oshkosh B’Gosh, and Reebok. It has a portfolio of over 150 brands. The Company has presence in 80 Indonesian cities.

5101520ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: MAPA

Main
Market Cap.
IDR 23.37Trillion

~$1.46B USD

Industry
Specialty Retail
Sub-Industry
Apparel & Textile Retail
Sector
Consumer Cyclicals
Sub-Sector

Valuation

MAPA Valuation Metrics

820

IDR
+1.2%

Closing Price on 2024-05-22

Price to Equity

16.83

P/E

At 16.83x P/E TTM, MAPA.JK is trading at a premium to its peers in the Retailing sector (avg 12.1x).

Price to Book

4.10

P/B

At 4.10x P/B TTM, MAPA.JK is trading at a premium to its peers in the Retailing sector (avg 0.8x).

Price to Sales

1.72

P/S

At 1.72x P/S TTM, MAPA.JK is trading at a premium to its peers in the Retailing sector (avg 0.5x).

Valuing PT MAP Aktif Adiperkasa Tbk. based on its trailing twelve months (TTM) valuation metrics against its peers in the Retailing sector

Historical Price to Earnings

Other Valuation Metrics

Valuing PT MAP Aktif Adiperkasa Tbk. relative to other stocks in the Retailing sector

Price/Cash Flow
18.23x
Price/Forward Earnings
10.80x
Enterprise Value/Revenue
1.82x
Enterprise Value/EBITDA
8.57x
PEG Ratio
-3.13x

Analyst Ratings

40
60
80
0
100

87.5

Recommended

Neutral

Not Recommended

Last closing: IDR8202024-05-22
IDR 461.76

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of MAPA is IDR462, which is 43% lower than MAPA's last closing price of IDR820 (as of 2024-05-22).

Valuation Recap of MAPA 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 16.83x is above the ID market average of 8.70x and is trading at a premium to peers in the Retailing sector (12.14x).

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 4.10x is above the peers average of 0.81x in the Retailing sector. MAPA trades at a higher P/B ratio than >75% of its peers in the Retailing 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 1.72x is above the peers average of 0.49x in the Retailing sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of MAPA's valuation relative to its current sales and future earnings growth. MAPA trades at a Forward P/E ratio of 10.80x, which is considered fairly undervalued 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. MAPA's P/CF ratio of 18.23x 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. MAPA's EV/R ratio of 1.82x is considered fairly underpriced by the market The average EV/R ratio for the Retailing sector is 0.76x.

Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of MAPA is IDR 461.76, which is 43% lower than MAPA's last closing price of IDR 820.00.

Peers

MAPA 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
MASAMultistrada Arah Sarana Tbk49.82T8.11T 7.57T 1.17T 42.698.44
FILMPT MD Pictures Tbk.42.23T1.71T 0.37T 0.10T 436.9925.92
MSINPT MNC Digital Entertainment Tbk35.19T6.74T 2.95T 0.26T 133.316.13
MAPAPT MAP Aktif Adiperkasa Tbk.23.37T10.80T 13.56T 1.39T 16.834.10
MAPIMitra Adiperkasa Tbk22.99T27.52T 33.32T 1.89T 12.142.30
CNMAPT Nusantara Sejahtera Raya Tbk17.17T7.37T 5.23T 0.69T 24.963.63
ACESAce Hardware Indonesia Tbk13.70T7.75T 7.61T 0.76T 17.942.23
TRIOTrikomsel Oke Tbk11.08T0.10T 0.75T -0.11T -98.34-2.97
AUTOAstra Otoparts Tbk9.57T19.61T 18.65T 1.84T 5.190.72
SMSMSelamat Sempurna Tbk9.21T4.57T 5.10T 0.94T 9.762.87
Competitiveness Recap of MAPA stock
WeightNotesScore
High
At a market cap of IDR 23,373.28 billion, MAPA.JK ranks 4 in Market Cap out of 10 companies in the Consumer Cyclicals sector.

High
At a PE of 16.83, MAPA.JK ranks 6 out of 10 companies in the Consumer Cyclicals sector for P/E value. The average PE is 60.15 (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 Consumer Cyclicals. In this regard, it trails behind sector leaders such as PT MD Pictures Tbk. (436.99) in the Consumer Cyclicals sector.

Medium
At a PE of 16.83, MAPA.JK is trading at a higher PE than that of its subsector peers in Retailing (median of 12.14). false

Medium
At a revenue of IDR 13.56 trillion, MAPA.JK ranks 3 in Revenue out of 10 companies in the Consumer Cyclicals sector.

Medium
At a profit of IDR 1.39 trillion, MAPA.JK ranks 3 in Profit out of 10 companies in the Consumer Cyclicals sector.

Future

Future Growth of MAPA

Growth Forecasts

MAPA 2024 Revenue Growth
+22.7%
MAPA 2025 Revenue Growth
+49.3%
MAPA 2024 EPS Growth
+16.7%
MAPA 2025 EPS Growth
+48.1%
Sector Revenue Growth
+21.6%
Retailing
Indonesia Market Growth
+13.8%
IDX overall growth
Retailing Sector Revenue Growth '24
+12.8%
Retailing Sector Revenue Growth '25
+30.8%
Consumer Cyclicals Sector Revenue Growth '24
+99.5%
Consumer Cyclicals Sector Revenue Growth '25
+20.1%

Sector Benchmark

Retailing companies in Indonesia are growing at a projected rate of 21.58% against the IDX average of +13.8%.

Retailing sector overview

MAPA Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of MAPA
WeightNotesScore
High
MAPA's projected growth rate of 21.58% is above the ID market average of 13.80%.

High
The Retailing sub-sector is projected to grow revenue by 30.81% in 2025. This number is higher than the previous year 2024's growth rate of 12.78%. This bodes well for MAPA's revenue growth prospects in the next 2 years.

Medium
The Retailing sub-sector is projected to increase earnings by 40.60% in 2025. This number is higher than the previous year 2024's EPS growth of 16.79%. This bodes well for MAPA's earnings growth prospects in the next 2 years.

Medium
MAPA and its peers in the Retailing sub-sector belongs to the Consumer Cyclicals sector. Companies in the Consumer Cyclicals sector are projected to have a fruitful year heading into 2025. Specifically, earnings are projected to increase by 59.53% in 2025 while revenue growth is projected to increase by 20.11%. These macroeconomic trends will likely be a tailwind for MAPA's earnings growth prospects in the next 2 years.

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Management

Executive Management

President Director

Nicholas Jones15.2 years
Handaka Santosa
Director
Miquel Rodrigo Staal
Director
Sjeniwati Gusman
Director
NamePositionShares%
Handaka SantosaDirector2,120,000< 0.01
Miquel Rodrigo StaalDirector13,630,0000.05
Nicholas JonesPresident Director887,900< 0.01
Pt Mitra Adiperkasa Tbk.Director19,618,986,60068.83
Sjeniwati GusmanDirector2,345,600< 0.01
Susiana LatifVice President Commissioner29,420,0000.1
Virendra Prakash SharmaPresident Commissioner69,316,0000.24
Expressed in millions IDR, unless otherwise stated

Ownership

MAPA Ownership

Others
18.44%
Insiders
69.55%
Institutions
12.01%
NameNumber of SharesOwnership (%)Value
Pt Mitra Adiperkasa Tbk.19,618,986,60068.8316,087.57B
Public (Scripless)8,767,293,90030.767,189.18B
Virendra Prakash Sharma69,316,0000.2456.84B
Susiana Latif29,420,0000.124.12B
Miquel Rodrigo Staal13,630,0000.0511.18B
Handaka Santosa2,120,0000.011.74B
Sjeniwati Gusman2,345,6000.011.92B
No data is available for MAPA at the moment.