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.

24681012ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: EMTK

Main
Market Cap.
IDR 26.26Trillion

~$1.66B USD

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

Valuation

EMTK Valuation Metrics

430

IDR

Closing Price on 2024-04-05

Price to Equity

-99.72

P/E

At -99.72x P/E TTM, EMTK.JK is trading at a discount to its peers in the Software & IT Services sector.

Price to Book

0.74

P/B

At 0.74x P/B TTM, EMTK.JK is trading at a discount to its peers in the Software & IT Services sector.

Price to Sales

2.33

P/S

At 2.33x P/S TTM, EMTK.JK is trading at a premium to its peers in the Software & IT Services sector (avg 0.8x).

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
42.94x
Price/Forward Earnings
37.26x
Enterprise Value/Revenue
1.50x
Enterprise Value/EBITDA
-64.02x
PEG Ratio
1.11x

Analyst Ratings

40
60
80
0
100

62.5

Undervalued

Fairly Valued

Overvalued

Last closing: IDR4302024-04-05
IDR 278.35

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of EMTK is IDR278, which is 34% lower than EMTK's last closing price of IDR430 (as of 2024-04-05).

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 -99.72x is below the ID market average of 8.22x and is trading at a discount to peers in the Software & IT Services sector (6.32x). In fact, less than 25% of its peers trade at a lower P/E ratio than EMTK.●●●
Max 3
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 0.74x is below the peers average of 1.74x in the Software & IT Services sector. ●●
Max 3
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 2.33x is above the peers average of 0.75x 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 37.26x, which is considered richly valued by analysts.
Max 2
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 42.94x is considered a relatively high ratio by analysts.
Max 2
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 1.50x is considered fairly underpriced by the market The average EV/R ratio for the Software & IT Services sector is 0.74x.
Max 3
Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of EMTK is IDR 278.35, which is 34% lower than EMTK's last closing price of IDR 430.00.
Max 3

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 Tbk83.43T3.56T 1.25T 0.48T 172.2842.66
GOTOPT GoTo Gojek Tokopedia Tbk72.80T132.04T 13.89T -28.80T -2.530.62
BELIPT Global Digital Niaga Tbk58.89T12.38T 15.01T -4.04T -14.577.66
EMTKElang Mahkota Teknologi Tbk26.26T43.11T 11.25T -0.26T -99.720.74
BUKAPT Bukalapak.com Tbk15.35T26.65T 4.37T -2.42T -6.350.59
EDGEPT Indointernet Tbk.8.83T2.37T 0.91T 0.25T 36.026.37
MTDLMetrodata Electronics Tbk7.30T9.50T 20.92T 0.61T 11.962.12
MSTIPT Mastersystem Infotama Tbk.4.77T0.00T 0.00T 0.00T
MLPTPT Multipolar Technology Tbk.2.78T2.96T 3.27T 0.35T 7.914.37
CHIPPT Pelita Teknologi Global Tbk1.93T0.11T 0.00T 0.00T 32.18
Competitiveness Recap of EMTK stock
WeightNotesScore
High
At a market cap of IDR 26,261.30 billion, EMTK.JK ranks 4 in Market Cap out of 10 companies in the Technology sector.
Max 2
High
At a PE of -99.72, EMTK.JK ranks 10 out of 10 companies in the Technology sector for P/E value. The average PE is 10.50 (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 (172.28) in the Technology sector.
Max 2
Medium
At a PE of -99.72, EMTK.JK is trading at a lower PE than that of its subsector peers in Software & IT Services (median of 6.32). A lower P/E value presents a potential value opportunity, but it might also indicate that the company is facing headwinds in its business.
Max 2
Medium
At a revenue of IDR 11.25 trillion, EMTK.JK ranks 4 in Revenue out of 10 companies in the Technology sector.
Max 2
Medium
At a profit of -IDR 0.26 trillion, EMTK.JK ranks 7 in Profit out of 10 companies in the Technology sector.
Max 2

Future

Future Growth of EMTK

Growth Forecasts

EMTK 2024 Revenue Growth
+13.2%
EMTK 2024 EPS Growth
-79.4%
Sector Revenue Growth
+34.7%
Software & IT Services
Indonesia Market Growth
+12.0%
IDX overall growth
Software & IT Services Sector Revenue Growth '24
+69.4%
Technology Sector Revenue Growth '24
+67.2%

Sector Benchmark

Software & IT Services companies in Indonesia are growing at a projected rate of 34.66% against the IDX average of +12.0%.

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 34.66% is above the ID market average of 11.98%.●●●
Max 3
High
The Software & IT Services sub-sector is projected to grow revenue by 69.41% in 2024. This number is higher than the previous year 2023's growth rate of 35.38%. This bodes well for EMTK's revenue growth prospects in the next 2 years. ●●●
Max 3
Medium
The Software & IT Services sub-sector is projected to decrease earnings by -82.79% in 2024. This number is lower than the previous year 2023's EPS growth of -81.82%. false
Max 3
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 2024. Specifically, earnings are projected to decrease by -82.79% in 2024 while revenue growth is projected to increase by 67.17%. These macroeconomic trends will likely be a headwind for EMTK's earnings growth prospects in the next 2 years.
Max 3
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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)15,355,276,22925.076,602.77B
Eddy K. Sariaatmadja13,439,147,45421.945,778.83B
Ir. Susanto Suwarto7,117,889,09011.623,060.69B
Pt Adikarsa Sarana6,404,560,36010.462,753.96B
Anthoni Salim5,510,302,22092,369.43B
Piet Yaury4,989,564,5008.152,145.51B
The Northern Trust Company S/A Archipelago Investment Pte Ltd4,290,909,1007.011,845.09B
Pt Prima Visualindo3,802,209,9806.21,634.95B
Treasury Stock243,946,5500.4104.90B
Alvin W. Sariaatmadja35,500,0000.0615.27B
Jay Geoffrey Wacher18,400,0000.037.91B
Sutanto Hartono14,000,0000.026.02B
Yuslinda Nasution12,546,0000.025.39B
Sutiana Ali 3,500,0000.011.51B
Titi Maria Rusli4,000,0000.011.72B

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