PT MAP Aktif Adiperkasa Tbk.

mapa

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 28.93Trillion

~$1.84B USD

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

Valuation

MAPA Valuation Metrics

1,015

IDR

Closing Price on 2024-04-05

Price to Equity

20.54

P/E

At 20.54x P/E TTM, MAPA.JK is trading at a premium to its peers in the Retailing sector (avg 14.3x).

Price to Book

5.44

P/B

At 5.44x P/B TTM, MAPA.JK is trading at a premium to its peers in the Retailing sector (avg 0.9x).

Price to Sales

2.30

P/S

At 2.30x 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
28.86x
Price/Forward Earnings
16.47x
Enterprise Value/Revenue
2.39x
Enterprise Value/EBITDA
11.08x
PEG Ratio
1.58x

Analyst Ratings

40
60
80
0
100

87.5

Undervalued

Fairly Valued

Overvalued

Last closing: IDR1,0152024-04-05
IDR 364.77

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of MAPA is IDR365, which is 63% lower than MAPA's last closing price of IDR1,015 (as of 2024-04-05).

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 20.54x is above the ID market average of 8.22x and is trading at a premium to peers in the Retailing sector (14.28x).
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 5.44x is above the peers average of 0.92x in the Retailing sector. MAPA trades at a higher P/B ratio than >75% of its peers in the Retailing 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 2.30x is above the peers average of 0.52x 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 16.47x, 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. MAPA's P/CF ratio of 28.86x 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. MAPA's EV/R ratio of 2.39x is considered fairly underpriced by the market The average EV/R ratio for the Retailing sector is 1.21x.
Max 3
Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of MAPA is IDR 364.77, which is 63% lower than MAPA's last closing price of IDR 1,015.00.
Max 3

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 Tbk54.91T7.51T 7.08T 0.87T 62.989.41
FILMPT MD Pictures Tbk.45.84T1.71T 0.35T 0.09T 495.5928.31
MSINPT MNC Digital Entertainment Tbk35.19T6.80T 2.97T 0.21T 171.186.14
MAPIMitra Adiperkasa Tbk31.26T24.58T 32.43T 2.10T 14.873.27
MAPAPT MAP Aktif Adiperkasa Tbk.28.93T9.24T 12.56T 1.41T 20.545.44
CNMAPT Nusantara Sejahtera Raya Tbk19.84T7.08T 0.88T -0.02T -811.294.46
ACESAce Hardware Indonesia Tbk16.26T7.43T 7.36T 0.80T 20.372.78
SMSMSelamat Sempurna Tbk11.20T4.52T 5.01T 0.90T 12.393.57
TRIOTrikomsel Oke Tbk11.08T0.09T 0.68T -0.11T -99.53-3.05
AUTOAstra Otoparts Tbk10.65T19.79T 19.17T 1.81T 5.900.83
Competitiveness Recap of MAPA stock
WeightNotesScore
High
At a market cap of IDR 28,931.56 billion, MAPA.JK ranks 5 in Market Cap out of 10 companies in the Consumer Cyclicals sector.
Max 2
High
At a PE of 20.54, MAPA.JK ranks 4 out of 10 companies in the Consumer Cyclicals sector for P/E value. The average PE is -10.70 (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. (495.59) in the Consumer Cyclicals sector.
Max 2
Medium
At a PE of 20.54, MAPA.JK is trading at a higher PE than that of its subsector peers in Retailing (median of 14.28). false●●
Max 2
Medium
At a revenue of IDR 12.56 trillion, MAPA.JK ranks 3 in Revenue out of 10 companies in the Consumer Cyclicals sector.
Max 2
Medium
At a profit of IDR 1.41 trillion, MAPA.JK ranks 3 in Profit out of 10 companies in the Consumer Cyclicals sector.
Max 2

Future

Future Growth of MAPA

Growth Forecasts

MAPA 2024 Revenue Growth
+63.4%
MAPA 2024 EPS Growth
+48.2%
Sector Revenue Growth
+25.2%
Retailing
Indonesia Market Growth
+12.0%
IDX overall growth
Retailing Sector Revenue Growth '24
+35.6%
Consumer Cyclicals Sector Revenue Growth '24
+33.1%

Sector Benchmark

Retailing companies in Indonesia are growing at a projected rate of 25.19% against the IDX average of +12.0%.

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 25.19% is above the ID market average of 11.98%.●●●
Max 3
High
The Retailing sub-sector is projected to grow revenue by 35.59% in 2024. This number is higher than the previous year 2023's growth rate of 16.44%. This bodes well for MAPA's revenue growth prospects in the next 2 years. ●●●
Max 3
Medium
The Retailing sub-sector is projected to increase earnings by 22.09% in 2024. This number is higher than the previous year 2023's EPS growth of 5.73%. This bodes well for MAPA's earnings growth prospects in the next 2 years. ●●●
Max 3
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 2024. Specifically, earnings are projected to increase by 21.68% in 2024 while revenue growth is projected to increase by 33.11%. These macroeconomic trends will likely be a tailwind for MAPA's earnings growth prospects in the next 2 years. ●●●
Max 3
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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
18.37%
Insiders
69.6%
Institutions
12.03%
NameNumber of SharesOwnership (%)Value
Pt Mitra Adiperkasa Tbk.19,618,986,60068.8319,913.27B
Public (Scripless)8,767,293,90030.768,898.80B
Virendra Prakash Sharma69,316,0000.2470.36B
Susiana Latif29,420,0000.129.86B
Miquel Rodrigo Staal13,630,0000.0513.83B
Handaka Santosa2,120,0000.012.15B
Sjeniwati Gusman2,345,6000.012.38B
No data is available for MAPA at the moment.