Mulia Industrindo Tbk

MLIA

-2.62%

Overview

MLIA Overview

PT Mulia Industrindo Tbk is an Indonesia-based glass manufacturing company. The Company’s segments include float glass, glass containers, safety glass, and bottles. The float glass segment produces plain and colored float glass (dark gray, dark blue, bronze, euro gray, light green, gray) and low-e glass with a thickness of 2-15 millimeters. Float glasses are sold to distributors and glass processors in the domestic and export markets, including some countries in Asia, Australia, Europe, Africa, and America. The glass containers segment produces mugs, cups, as well as transparent and colored (brown and green) container glass used for packaging of food (jam), beverages (tea, water, soy sauce, energy drinks, soft drinks, and others), and beer. It also manufactures automotive safety glasses. The Company operates through its subsidiary, PT Muliaglass.

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: MLIA

Development
Market Cap.
IDR 2.46Trillion

~$153.94M USD

Industry
Building Products & Fixtures
Sub-Industry
Building Products & Fixtures
Sector
Industrials

Valuation

MLIA Valuation Metrics

372

IDR
-2.6%

Closing Price on 2024-05-22

Price to Equity

4.37

P/E

At 4.37x P/E TTM, MLIA.JK is trading at a discount to its peers in the Industrial Goods sector.

Price to Book

0.50

P/B

At 0.50x P/B TTM, MLIA.JK is trading at a discount to its peers in the Industrial Goods sector.

Price to Sales

0.51

P/S

At 0.51x P/S TTM, MLIA.JK is trading in line with its peers in the Industrial Goods sector.

Valuing Mulia Industrindo Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Industrial Goods sector

Historical Price to Earnings

Other Valuation Metrics

Valuing Mulia Industrindo Tbk relative to other stocks in the Industrial Goods sector

Price/Cash Flow
5.26x
Price/Forward Earnings
-
Enterprise Value/Revenue
0.56x
Enterprise Value/EBITDA
3.30x
PEG Ratio
-0.48x

Analyst Ratings

40
60
80
0
100

75.0

Recommended

Neutral

Not Recommended

Last closing: IDR3722024-05-22
IDR 1,186.27

Considerably Higher Intrinsic Value: Analyst's intrinsic value is of MLIA is IDR1,186, which is 220% higher than MLIA's last closing price of IDR372 (as of 2024-05-22).

Valuation Recap of MLIA 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 4.37x is below the ID market average of 8.70x and is trading at a discount to peers in the Industrial Goods sector (8.06x).

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 0.50x is similar to the peers average of 0.70x in the Industrial Goods 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 0.51x is similar to the peers average of 0.57x in the Industrial Goods sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of MLIA's valuation relative to its current sales and future earnings growth.

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. MLIA's P/CF ratio of 5.26x is considered healthy 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. MLIA's EV/R ratio of 0.56x is considered extremely underpriced by the market The average EV/R ratio for the Industrial Goods sector is 0.95x.

Medium
Considerably Higher Intrinsic Value: Analyst's intrinsic value is of MLIA is IDR 1,186.27, which is 220% higher than MLIA's last closing price of IDR 372.00.

Peers

MLIA 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
ASIIAstra International Tbk190.68T445.68T 316.57T 33.84T 5.630.96
UNTRUnited Tractors Tbk82.08T154.03T 128.58T 20.61T 3.981.04
IMPCPT Impack Pratama Industri Tbk19.65T3.60T 2.86T 0.43T 45.638.64
BNBRBakrie & Brothers Tbk8.00T7.10T 3.76T 0.24T 33.703.67
HEXAHexindo Adiperkasa Tbk5.04T6.45T 10.65T 0.92T 5.461.93
ARNAArwana Citramulia Tbk4.74T2.62T 2.45T 0.45T 10.642.60
BHITPT MNC Asia Holding Tbk4.18T70.41T 15.66T 0.31T 13.620.23
MARKPT Mark Dynamics Indonesia Tbk.3.44T0.95T 0.56T 0.16T 22.044.11
MLIAMulia Industrindo Tbk2.46T7.02T 4.81T 0.56T 4.370.50
SKRNPT Superkrane Mitra Utama Tbk2.21T3.13T 0.94T 0.17T 12.612.36
Competitiveness Recap of MLIA stock
WeightNotesScore
High
At a market cap of IDR 2,460.78 billion, MLIA.JK ranks 9 in Market Cap out of 10 companies in the Industrials sector.

High
At a PE of 4.37, MLIA.JK ranks 9 out of 10 companies in the Industrials sector for P/E value. The average PE is 15.77 (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 Industrials. In this regard, it trails behind sector leaders such as PT Impack Pratama Industri Tbk (45.63) in the Industrials sector.

Medium
At a PE of 4.37, MLIA.JK is trading at a lower PE than that of its subsector peers in Industrial Goods (median of 8.06). 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 4.81 trillion, MLIA.JK ranks 5 in Revenue out of 10 companies in the Industrials sector.

Medium
At a profit of IDR 0.56 trillion, MLIA.JK ranks 4 in Profit out of 10 companies in the Industrials sector.

Future

Future Growth of MLIA

Growth Forecasts

No data available

Sector Benchmark

Industrial Goods companies in Indonesia are shrinking at a projected rate of -54.67% against the IDX average of +13.8%.

Industrial Goods sector overview
No data is available for MLIA at the moment.
Future growth prospect of MLIA
WeightNotesScore
High
MLIA's projected growth rate of -54.67% is below the ID market average of 13.80%.

High
The Industrial Goods sub-sector is projected to shrink revenue by -14.30% in 2025. This number is lower than the previous year 2024's growth rate of -5.74%. false

Medium
The Industrial Goods sub-sector is projected to decrease earnings by 0.00% in 2025. This number is lower than the previous year 2024's EPS growth of 0.00%. false

Medium
MLIA and its peers in the Industrial Goods sub-sector belongs to the Industrials sector. Companies in the Industrials sector are projected to have a challenging year heading into 2025. Specifically, earnings are projected to decrease by -8.86% in 2025 while revenue growth is projected to decrease by -4.12%. These macroeconomic trends will likely be a tailwind for MLIA's earnings growth prospects in the next 2 years.

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Management

Executive Management

President Director

Eka Tjandranegara15.2 years
Medriyani
Director
Henry Bun
Director
Ekson Tjandranegara
Director
Ekman Tjandranegara
Director
-
Director
NamePositionShares%
No data is available for MLIA at the moment.
Expressed in millions IDR, unless otherwise stated

Ownership

MLIA Ownership

Others
32.26%
Insiders
67.25%
Institutions
0.49%
NameNumber of SharesOwnership (%)Value
Eka Gunatama Mandiri2,741,735,32041.451,019.93B
Public (Scripless)2,107,101,42031.85783.84B
Mulia Grahapermai1,706,693,29025.8634.89B
Public (Scrip)59,469,9700.922.12B
No data is available for MLIA at the moment.