Multistrada Arah Sarana Tbk

masa

Overview

MASA Overview

PT Multistrada Arah Sarana Tbk is an Indonesia-based automotive tire manufacturing company. The Company is focused on of developing several brands of vehicle tires, namely Achilles, Uniroyal, BFGoodrich for four-wheel vehicles (TC/ Tourism Camionnette), Corsa and Michelin for two-wheel vehicles (2W/Two-Wheel) and off-take, covering domestic and export marketing area. The Achilles is a brand of car tire that can be used by passenger car type, sport utility vehicle (SUV) and light truck with steel belted tubeless type. The Corsa is a brand of tire for two wheeled vehicles. The Company’s Michelin is a car and motorcycle tire brand for various type of vehicle. The Company’s subsidiaries include PT Kawasan Industri Multistrada, Achiles Tires Usa Inc., PT Michelin Indonesia, and PT Penta Artha Impressi.

5101520ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: MASA

Main
Market Cap.
IDR 54.91Trillion

~$3.46B USD

Industry
Auto Components
Sub-Industry
Tires
Sector
Consumer Cyclicals

Valuation

MASA Valuation Metrics

5,425

IDR

Closing Price on 2024-04-05

Price to Equity

62.98

P/E

At 62.98x P/E TTM, MASA.JK is trading at a premium to its peers in the Automobiles & Components sector (avg 6.9x).

Price to Book

9.41

P/B

At 9.41x P/B TTM, MASA.JK is trading at a premium to its peers in the Automobiles & Components sector (avg 0.8x).

Price to Sales

7.76

P/S

At 7.76x P/S TTM, MASA.JK is trading at a premium to its peers in the Automobiles & Components sector (avg 0.9x).

Valuing Multistrada Arah Sarana Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Automobiles & Components sector

Historical Price to Earnings

Other Valuation Metrics

Valuing Multistrada Arah Sarana Tbk relative to other stocks in the Automobiles & Components sector

Price/Cash Flow
34.35x
Price/Forward Earnings
-
Enterprise Value/Revenue
7.75x
Enterprise Value/EBITDA
46.78x
PEG Ratio
0.51x

Analyst Ratings

No analyst ratings available yet.

Last closing: IDR5,4252024-04-05
IDR 938.67

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of MASA is IDR939, which is 82% lower than MASA's last closing price of IDR5,425 (as of 2024-04-05).

Valuation Recap of MASA 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 62.98x is above the ID market average of 8.22x and is trading at a premium to peers in the Automobiles & Components sector (6.92x). In fact, less than 25% of its peers trade at a higher P/E ratio than MASA.
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 9.41x is above the peers average of 0.83x in the Automobiles & Components sector. MASA trades at a higher P/B ratio than >75% of its peers in the Automobiles & Components 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 7.76x is above the peers average of 0.92x in the Automobiles & Components sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of MASA's valuation relative to its current sales and future earnings growth.
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. MASA's P/CF ratio of 34.35x 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. MASA's EV/R ratio of 7.75x is considered a relatively high ratio The average EV/R ratio for the Automobiles & Components sector is 0.93x.
Max 3
Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of MASA is IDR 938.67, which is 82% lower than MASA's last closing price of IDR 5,425.00.
Max 3

Peers

MASA 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 MASA stock
WeightNotesScore
High
At a market cap of IDR 54,912.39 billion, MASA.JK ranks 1 in Market Cap out of 10 companies in the Consumer Cyclicals sector.●●
Max 2
High
At a PE of 62.98, MASA.JK ranks 3 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 62.98, MASA.JK is trading at a higher PE than that of its subsector peers in Automobiles & Components (median of 6.92). false●●
Max 2
Medium
At a revenue of IDR 7.08 trillion, MASA.JK ranks 5 in Revenue out of 10 companies in the Consumer Cyclicals sector.
Max 2
Medium
At a profit of IDR 0.87 trillion, MASA.JK ranks 5 in Profit out of 10 companies in the Consumer Cyclicals sector.
Max 2

Future

Future Growth of MASA

Growth Forecasts

No data available

Sector Benchmark

Automobiles & Components companies in Indonesia are growing at a projected rate of 1.21% against the IDX average of +12.0%.

Automobiles & Components sector overview
No data is available for MASA at the moment.
Future growth prospect of MASA
WeightNotesScore
High
MASA's projected growth rate of 1.21% is below the ID market average of 11.98%.●●●
Max 3
High
The Automobiles & Components sub-sector is projected to grow revenue by 13.89% in 2024. This number is higher than the previous year 2023's growth rate of 0.77%. This bodes well for MASA's revenue growth prospects in the next 2 years. ●●
Max 3
Medium
The Automobiles & Components sub-sector is projected to increase earnings by 43.74% in 2024. This number is higher than the previous year 2023's EPS growth of 32.27%. This bodes well for MASA's earnings growth prospects in the next 2 years. ●●●
Max 3
Medium
MASA and its peers in the Automobiles & Components 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 MASA's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

Sai Banu Ramani15.2 years
Steven Gommert Vette
Director
Kevin David Grant
Director
Boey Pang Ho
Director
Ritesh
Director
NamePositionShares%
No data is available for MASA at the moment.
Expressed in millions IDR, unless otherwise stated

Ownership

MASA Ownership

Others
0.36%
Insiders
99.64%
Institutions
0%
NameNumber of SharesOwnership (%)Value
Socgen Sa Compagnie Generale Des Etablissements Michelin9,149,766,70299.6449,637.48B
Public (Scripless)33,180,2430.36180.00B
No data is available for MASA at the moment.