PT Mega Manunggal Property Tbk.

mmlp

Overview

MMLP Overview

PT Mega Manunggal Property Tbk is an Indonesia-based logistics company. The Company manages warehouses with a total leasable area (Net Leasable Area) of 531,053 square meters (m2). The Company manages and/or owns 13 assets in nine different strategic locations. The Company is engaged in real estate, warehousing and storage. The Company operates in one business segment, which are the warehouse and office space and related services. It is engaged in leasing warehouses, office space, supporting facilities and consultation management services. Its subsidiaries include PT Intirub, PT Mega Dharma Properti (MDP), PT Manunggal Persada Properti (MPP), PT Mega Properti Logistik Nusantara (MPLN), PT Mega Khatulistiwa Properti (MKP), PT Ace Dalle Mega Properti (ADMP), PT Mega Cahaya Properti (MCP), PT Bukit Properti Logistik (BPL), PT Mega Aruna Nusantara Properti (MANP), PT Mega Tridaya Properti (MTP), and PT Manunggal Timur Properti (MATP).

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: MMLP

Main
Market Cap.
IDR 2.00Trillion

~$125.98M USD

Industry
Real Estate Management & Development
Sub-Industry
Real Estate Development & Management
Sector
Properties & Real Estate

Valuation

MMLP Valuation Metrics

290

IDR

Closing Price on 2024-04-05

Price to Equity

23.94

P/E

At 23.94x P/E TTM, MMLP.JK is trading at a premium to its peers in the Properties & Real Estate sector (avg 6.6x).

Price to Book

0.45

P/B

At 0.45x P/B TTM, MMLP.JK is trading at a discount to its peers in the Properties & Real Estate sector.

Price to Sales

5.76

P/S

At 5.76x P/S TTM, MMLP.JK is trading at a premium to its peers in the Properties & Real Estate sector (avg 3.0x).

Valuing PT Mega Manunggal Property Tbk. based on its trailing twelve months (TTM) valuation metrics against its peers in the Properties & Real Estate sector

Historical Price to Earnings

Other Valuation Metrics

Valuing PT Mega Manunggal Property Tbk. relative to other stocks in the Properties & Real Estate sector

Price/Cash Flow
9.78x
Price/Forward Earnings
-
Enterprise Value/Revenue
8.41x
Enterprise Value/EBITDA
12.14x
PEG Ratio
-0.50x

Analyst Ratings

No analyst ratings available yet.

Last closing: IDR2902024-04-05
IDR 120.13

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of MMLP is IDR120, which is 58% lower than MMLP's last closing price of IDR290 (as of 2024-04-05).

Valuation Recap of MMLP 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 23.94x is above the ID market average of 8.22x and is trading at a premium to peers in the Properties & Real Estate sector (6.58x). In fact, less than 25% of its peers trade at a higher P/E ratio than MMLP.
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 0.45x is similar to the peers average of 0.56x in the Properties & Real Estate 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 5.76x is above the peers average of 3.01x in the Properties & Real Estate sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of MMLP'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. MMLP's P/CF ratio of 9.78x is considered healthy 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. MMLP's EV/R ratio of 8.41x is considered a relatively high ratio The average EV/R ratio for the Properties & Real Estate sector is 4.00x.
Max 3
Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of MMLP is IDR 120.13, which is 58% lower than MMLP's last closing price of IDR 290.00.
Max 3

Peers

MMLP Peers and Comparison

Market Cap.

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
MKPIMetropolitan Kentjana Tbk25.84T8.42T 2.29T 0.86T 29.963.89
CTRACiputra Development Tbk22.61T42.63T 8.49T 1.52T 14.881.17
PWONPakuwon Jati Tbk20.80T32.06T 6.06T 1.83T 11.341.12
BSDEPT Bumi Serpong Damai Tbk20.39T71.11T 10.40T 3.28T 6.210.57
MPROPT Maha Properti Indonesia Tbk.17.43T1.71T 0.00T -0.03T -503.6319.02
INPPIndonesian Paradise Property Tbk11.24T9.18T 1.25T 0.12T 93.702.12
RISEPT Jaya Sukses Makmur Sentosa Tbk.10.73T2.91T 0.31T 0.03T 306.565.19
PLINPlaza Indonesia Realty Tbk9.62T12.31T 1.26T 0.69T 13.980.90
SMRAPT Summarecon Agung Tbk8.58T29.50T 6.59T 0.97T 8.860.88
MMLPPT Mega Manunggal Property Tbk.2.00T6.68T 0.35T 0.08T 23.940.45
Competitiveness Recap of MMLP stock
WeightNotesScore
High
At a market cap of IDR 1,997.85 billion, MMLP.JK ranks 10 in Market Cap out of 10 companies in the Properties & Real Estate sector.
Max 2
High
At a PE of 23.94, MMLP.JK ranks 4 out of 10 companies in the Properties & Real Estate sector for P/E value. The average PE is 0.58 (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 Properties & Real Estate. In this regard, it trails behind sector leaders such as PT Jaya Sukses Makmur Sentosa Tbk. (306.56) in the Properties & Real Estate sector.
Max 2
Medium
At a PE of 23.94, MMLP.JK is trading at a higher PE than that of its subsector peers in Properties & Real Estate (median of 6.58). false●●
Max 2
Medium
At a revenue of IDR 0.35 trillion, MMLP.JK ranks 8 in Revenue out of 10 companies in the Properties & Real Estate sector.
Max 2
Medium
At a profit of IDR 0.08 trillion, MMLP.JK ranks 8 in Profit out of 10 companies in the Properties & Real Estate sector.
Max 2

Future

Future Growth of MMLP

Growth Forecasts

No data available

Sector Benchmark

Properties & Real Estate companies in Indonesia are growing at a projected rate of 11.45% against the IDX average of +12.0%.

Properties & Real Estate sector overview
No data is available for MMLP at the moment.
Future growth prospect of MMLP
WeightNotesScore
High
MMLP's projected growth rate of 11.45% is below the ID market average of 11.98%.●●●
Max 3
High
The Properties & Real Estate sub-sector is projected to grow revenue by 7.55% in 2024. This number is higher than the previous year 2023's growth rate of 2.32%. This bodes well for MMLP's revenue growth prospects in the next 2 years. ●●
Max 3
Medium
The Properties & Real Estate sub-sector is projected to increase earnings by 10.85% in 2024. This number is higher than the previous year 2023's EPS growth of 0.39%. This bodes well for MMLP's earnings growth prospects in the next 2 years. ●●
Max 3
Medium
MMLP and its peers in the Properties & Real Estate sub-sector belongs to the Properties & Real Estate sector. Companies in the Properties & Real Estate sector are projected to have a fruitful year heading into 2024. Specifically, earnings are projected to increase by 10.85% in 2024 while revenue growth is projected to increase by 7.55%. These macroeconomic trends will likely be a tailwind for MMLP's earnings growth prospects in the next 2 years. ●●
Max 3
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Management

Executive Management

President Director

Hungkang Sutedja15.2 years
Gomos Benjamin Silitonga
Director
NamePositionShares%
Hungkang SutedjaPresident Director1,000,000< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

MMLP Ownership

Others
26.69%
Insiders
66.97%
Institutions
6.34%
NameNumber of SharesOwnership (%)Value
Public (Scripless)1,855,271,91426.93538.03B
Pt. Suwarna Arta Mandiri1,611,105,30023.39467.22B
Pt Mega Mandiri Properti1,165,560,40016.92338.01B
Uob Kay Hian (Hong Kong) Ltd (Pledge Account) - Madison Pacific Trust Ltd Obo Bridge Leed Limited1,006,474,70014.61291.88B
Provident Warehouse Pte, Ltd611,976,7818.88177.47B
Dbs Bank Ltd.-Anderson Investments Pte L Td.418,817,2316.08121.46B
West Bridge Developments Limited217,835,6753.1663.17B
Pt Mega Cakrawala Properti1,092,6070.020.32B
Hungkang Sutedja1,000,0000.010.29B

Largest Institutional Buy

PT Eastspring Investment Indonesia
Bought 31-12-2023
+149,300 shares

Largest Institutional Sell

No data is available for MMLP at the moment.

Institutional Transactions

Tracking institutional transactions buying / selling of MMLP stock