PT M Cash Integrasi Tbk

mcas

-1.64%

Overview

MCAS Overview

PT M Cash Integrasi Tbk is an Indonesia-based company, which is engaged in the digital product distribution business. The Company's segment includes Digital product and services sales, Digital product aggregator, Digital cloud advertising, Software as a service, Clean energy products and services, Digital wholesale, and Content and entertainment. The Company's products and services include Digital Products, WhatsApp Business, Volta & SGB, Semolis, Super API, Logistic, Digital Cloud Advertising, Pawoon POS, Payment Solution, V2 Indonesia, Digital Wholesale, Content & Entertainment, Digital Kiosk & Locker, MCAS App, Digiresto, FLO Payment System, Smart EDC / Unified Payment System, GOWES Bike Sharing Platform, Restaurants, SRC - O2O, Cloud Kitchen Solution, AWD E-Commerce Hub, Digisaham, E-Catalog, Delima, ActCelerate, MCASH Widget and Prepaid Voucher. The Company's MCAS is an application-based platform that makes it easy for the customer to meet their daily digital product needs.

24681012ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: MCAS

Main
Market Cap.
IDR 1.15Trillion

~$73.30M USD

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

Valuation

MCAS Valuation Metrics

1,200

IDR
-1.6%

Closing Price on 2024-04-05

Price to Equity

133.91

P/E

At 133.91x P/E TTM, MCAS.JK is trading at a premium to its peers in the Software & IT Services sector (avg 6.3x).

Price to Book

6.00

P/B

At 6.00x P/B TTM, MCAS.JK is trading at a premium to its peers in the Software & IT Services sector (avg 1.7x).

Price to Sales

0.09

P/S

At 0.09x P/S TTM, MCAS.JK is trading at a discount to its peers in the Software & IT Services sector.

Valuing PT M Cash Integrasi 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 PT M Cash Integrasi Tbk relative to other stocks in the Software & IT Services sector

Price/Cash Flow
12.95x
Price/Forward Earnings
31.32x
Enterprise Value/Revenue
0.10x
Enterprise Value/EBITDA
21.75x
PEG Ratio
-3.93x

Analyst Ratings

40
60
80
0
100

87.5

Undervalued

Fairly Valued

Overvalued

Last closing: IDR1,2002024-04-05
IDR 263.37

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of MCAS is IDR263, which is 77% lower than MCAS's last closing price of IDR1,200 (as of 2024-04-05).

Valuation Recap of MCAS 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 133.91x is above the ID market average of 8.22x and is trading at a premium to peers in the Software & IT Services sector (6.32x). In fact, less than 25% of its peers trade at a higher P/E ratio than MCAS.
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 6.00x is above 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 0.09x is below 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 MCAS's valuation relative to its current sales and future earnings growth. MCAS trades at a Forward P/E ratio of 31.32x, 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. MCAS's P/CF ratio of 12.95x 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. MCAS's EV/R ratio of 0.10x is considered extremely 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 MCAS is IDR 263.37, which is 77% lower than MCAS's last closing price of IDR 1,200.00.
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Peers

MCAS 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
CYBRPT ITSEC Asia Tbk.1.86T0.22T 0.00T 0.00T 19.17
Competitiveness Recap of MCAS stock
WeightNotesScore
High
At a market cap of IDR 1,151.68 billion, MCAS.JK ranks 10 in Market Cap out of 10 companies in the Technology sector.
Max 2
High
At a PE of 133.91, MCAS.JK ranks 2 out of 10 companies in the Technology sector for P/E value. The average PE is 23.89 (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 133.91, MCAS.JK is trading at a higher PE than that of its subsector peers in Software & IT Services (median of 6.32). false●●
Max 2
Medium
At a revenue of IDR 12.32 trillion, MCAS.JK ranks 4 in Revenue out of 10 companies in the Technology sector.
Max 2
Medium
At a profit of IDR 0.01 trillion, MCAS.JK ranks 5 in Profit out of 10 companies in the Technology sector.
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Future

Future Growth of MCAS

Growth Forecasts

MCAS 2024 Revenue Growth
+12.1%
MCAS 2024 EPS Growth
+34.0%
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

MCAS Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of MCAS
WeightNotesScore
High
MCAS'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 MCAS's revenue growth prospects in the next 2 years. ●●●
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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
MCAS 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 MCAS's earnings growth prospects in the next 2 years.
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Management

Executive Management

President Director

Martin Suharlie15.2 years
Suryandy Jahja
Director
Rachel Stephanie Marsaulina
Director
Mohammad Anis Yunianto
Director
NamePositionShares%
Martin SuharliePresident Director68,722,2007.92
Expressed in millions IDR, unless otherwise stated

Ownership

MCAS Ownership

Others
42.91%
Insiders
50.47%
Institutions
6.62%
NameNumber of SharesOwnership (%)Value
Public (Scripless)428,442,10049.36514.13B
Pt 1 Inti Dot Com99,483,20011.46119.38B
Abell Technology Global Pte. Ltd.98,902,30011.4118.68B
Pt Quantum Clovera Investama Tbk72,313,9008.3386.78B
Martin Suharlie68,722,2007.9282.47B
Bank Of Singapore Limited55,909,0006.4467.09B
Pt Karya Karunia Persada44,160,6005.0952.99B
No data is available for MCAS at the moment.