PT Mitra Keluarga Karyasehat Tbk.

mika

Overview

MIKA Overview

PT Mitra Keluarga Karyasehat Tbk is an Indonesia-based company, which is focused on providing healthcare services to patients under the Government’s Health Insurance Scheme, Jaminan Kesehatan Nasional (JKN). The Company serves Indonesia’s private insurance patients and corporate clients, to out-of-pocket expense individual patients to JKN member patients. The Company operates through two segments: Outpatient and Inpatient. The Company provides outpatient and inpatient healthcare services to all market groups, including private insurance patients and corporate clients, to out-of-pocket expense individual patients and JKN member patients. The Company’s subsidiaries include PT Proteindo Karyasehat (PKS), PT Ekamita Arahtegar (EAT), PT Ragamsehat Multifita (RSM), PT Alpen Agung Raya (AAR), PT Rumah Kasih Indonesia (RKI), PT Bina Husada Gemilang (BHG), PT Kinarya Loka Buana (KLB), and PT Sehat Digital Nusantara (SDN).

2468101214ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: MIKA

Main
Market Cap.
IDR 39.22Trillion

~$2.50B USD

Industry
Healthcare Providers
Sub-Industry
Healthcare Providers
Sector
Healthcare

Valuation

MIKA Valuation Metrics

2,820

IDR

Closing Price on 2024-04-05

Price to Equity

41.29

P/E

At 41.29x P/E TTM, MIKA.JK is trading at a premium to its peers in the Healthcare Equipment & Providers sector (avg 23.8x).

Price to Book

7.01

P/B

At 7.01x P/B TTM, MIKA.JK is trading at a premium to its peers in the Healthcare Equipment & Providers sector (avg 1.8x).

Price to Sales

9.49

P/S

At 9.49x P/S TTM, MIKA.JK is trading at a premium to its peers in the Healthcare Equipment & Providers sector (avg 3.0x).

Valuing PT Mitra Keluarga Karyasehat Tbk. based on its trailing twelve months (TTM) valuation metrics against its peers in the Healthcare Equipment & Providers sector

Historical Price to Earnings

Other Valuation Metrics

Valuing PT Mitra Keluarga Karyasehat Tbk. relative to other stocks in the Healthcare Equipment & Providers sector

Price/Cash Flow
38.56x
Price/Forward Earnings
36.12x
Enterprise Value/Revenue
-
Enterprise Value/EBITDA
-
PEG Ratio
4.76x

Analyst Ratings

40
60
80
0
100

67.5

Undervalued

Fairly Valued

Overvalued

Valuation Recap of MIKA 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 41.29x is above the ID market average of 8.22x and is trading at a premium to peers in the Healthcare Equipment & Providers sector (23.78x).
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 7.01x is above the peers average of 1.80x in the Healthcare Equipment & Providers sector. MIKA trades at a higher P/B ratio than >75% of its peers in the Healthcare Equipment & Providers 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 9.49x is above the peers average of 3.00x in the Healthcare Equipment & Providers sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of MIKA's valuation relative to its current sales and future earnings growth. MIKA trades at a Forward P/E ratio of 36.12x, 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. MIKA's P/CF ratio of 38.56x is considered a relatively high ratio by analysts.
Max 2

Peers

MIKA 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
KLBFKalbe Farma Tbk68.46T27.18T 30.31T 2.96T 23.123.31
MIKAPT Mitra Keluarga Karyasehat Tbk.39.22T7.11T 4.13T 0.95T 41.297.01
SILOPT Siloam International Hospitals Tbk.32.40T10.75T 10.83T 1.11T 29.294.28
SRAJSejahteraraya Anugrahjaya Tbk20.58T5.62T 2.35T -0.05T -433.0911.10
SIDOPT Industri Jamu Dan Farmasi Sido Muncul Tbk20.25T3.75T 3.61T 0.97T 20.865.94
HEALPT Medikaloka Hermina Tbk.19.03T8.52T 5.54T 0.48T 39.485.15
PRAYPT Famon Awal Bros Sedaya Tbk9.42T4.42T 1.70T 0.18T 53.643.42
TSPCTempo Scan Pacific Tbk9.09T11.31T 12.93T 1.41T 6.431.18
SOHOPT Soho Global Health Tbk6.24T4.67T 7.91T 0.34T 18.422.45
OMEDPT Jayamas Medica Industri Tbk5.33T2.46T 1.63T 0.22T 23.782.50
Competitiveness Recap of MIKA stock
WeightNotesScore
High
At a market cap of IDR 39,219.15 billion, MIKA.JK ranks 2 in Market Cap out of 10 companies in the Healthcare sector.●●
Max 2
High
At a PE of 41.29, MIKA.JK ranks 2 out of 10 companies in the Healthcare sector for P/E value. The average PE is -17.68 (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 Healthcare. In this regard, it trails behind sector leaders such as PT Famon Awal Bros Sedaya Tbk (53.64) in the Healthcare sector.●●
Max 2
Medium
At a PE of 41.29, MIKA.JK is trading at a higher PE than that of its subsector peers in Healthcare Equipment & Providers (median of 23.78). false●●
Max 2
Medium
At a revenue of IDR 4.13 trillion, MIKA.JK ranks 6 in Revenue out of 10 companies in the Healthcare sector.
Max 2
Medium
At a profit of IDR 0.95 trillion, MIKA.JK ranks 5 in Profit out of 10 companies in the Healthcare sector.
Max 2

Future

Future Growth of MIKA

Growth Forecasts

MIKA 2024 Revenue Growth
+20.0%
MIKA 2024 EPS Growth
+13.0%
Sector Revenue Growth
+23.7%
Healthcare Equipment & Providers
Indonesia Market Growth
+12.0%
IDX overall growth
Healthcare Equipment & Providers Sector Revenue Growth '24
+23.0%
Healthcare Sector Revenue Growth '24
+17.1%

Sector Benchmark

Healthcare Equipment & Providers companies in Indonesia are growing at a projected rate of 23.68% against the IDX average of +12.0%.

Healthcare Equipment & Providers sector overview

MIKA Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of MIKA
WeightNotesScore
High
MIKA's projected growth rate of 23.68% is above the ID market average of 11.98%.●●●
Max 3
High
The Healthcare Equipment & Providers sub-sector is projected to grow revenue by 22.97% in 2024. This number is higher than the previous year 2023's growth rate of 9.96%. This bodes well for MIKA's revenue growth prospects in the next 2 years. ●●●
Max 3
Medium
The Healthcare Equipment & Providers sub-sector is projected to increase earnings by 29.75% in 2024. This number is higher than the previous year 2023's EPS growth of 9.77%. This bodes well for MIKA's earnings growth prospects in the next 2 years. ●●●
Max 3
Medium
MIKA and its peers in the Healthcare Equipment & Providers sub-sector belongs to the Healthcare sector. Companies in the Healthcare sector are projected to have a fruitful year heading into 2024. Specifically, earnings are projected to increase by 16.30% in 2024 while revenue growth is projected to increase by 17.10%. These macroeconomic trends will likely be a tailwind for MIKA's earnings growth prospects in the next 2 years. ●●
Max 3
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Management

Executive Management

President Director

Rustiyan Oen15.2 years
Joyce Vidyayanti Handajani
Director
Nurvantina Pandina
Director
NamePositionShares%
Ir. Rustiyan Oen, MbaDirector181,661,7001.28
Jozef Darmawan Angkasa, Mba, MscCommissioner978,000< 0.01
Nurvantina PandinaDirector900< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

MIKA Ownership

Others
31.17%
Insiders
63.42%
Institutions
5.41%
NameNumber of SharesOwnership (%)Value
Pt Griyainsani Cakrasadaya8,864,884,20062.2324,998.97B
Public (Scripless)4,859,956,70034.113,705.08B
Treasury Stock338,868,0002.38955.61B
Ir. Rustiyan Oen, Mba181,661,7001.28512.29B
Jozef Darmawan Angkasa, Mba, Msc978,0000.012.76B

Largest Institutional Buy

No data is available for MIKA at the moment.

Largest Institutional Sell

Baring Asset Management Ltd
Sold 31-12-2023
-24,158,200 shares
Wasatch Advisors Inc.
Sold 31-12-2023
-7,118,500 shares
National Bank Trust Inc
Sold 31-12-2023
-2,828,200 shares

Institutional Transactions

Tracking institutional transactions buying / selling of MIKA stock