PT Mora Telematika Indonesia Tbk

mora

Overview

MORA Overview

PT Mora Telematika Indonesia Tbk is an Indonesia-based private telecommunications infrastructure and network provider. It is engaged in telecommunication activities with cable, Internet service provider, Internet interconnection services (NAP). The Company operates through four segments: Telco, Wholesale, Retail, and Others. The Telco segment provides leased line services for domestic and international connectivity that operate according to the needs of telecommunications operators. The wholesale segment provides Internet services, including leased lines and capacity connections, both domestic and international) to telecommunication operators. The Retail segment provides comprehensive fiber-to-the-home (FTTH) service solutions directly to retail customers in housing and apartments. The products offered by the Company through the Telco segment include data center, backbone, leased line domestic and international, and Internet protocol virtual private network products.

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: MORA

Main
Market Cap.
IDR 10.92Trillion

~$0.70B USD

Industry
Telecommunication Service
Sub-Industry
Wired Telecommunication Service
Sector
Infrastructures

Valuation

MORA Valuation Metrics

462

IDR

Closing Price on 2024-04-05

Price to Equity

19.31

P/E

At 19.31x P/E TTM, MORA.JK is trading in line with its peers in the Telecommunication sector.

Price to Book

1.74

P/B

At 1.74x P/B TTM, MORA.JK is trading at a premium to its peers in the Telecommunication sector (avg 1.2x).

Price to Sales

2.38

P/S

At 2.38x P/S TTM, MORA.JK is trading at a discount to its peers in the Telecommunication sector.

Valuing PT Mora Telematika Indonesia Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Telecommunication sector

Historical Price to Earnings

Other Valuation Metrics

Valuing PT Mora Telematika Indonesia Tbk relative to other stocks in the Telecommunication sector

Price/Cash Flow
5.96x
Price/Forward Earnings
-
Enterprise Value/Revenue
3.49x
Enterprise Value/EBITDA
9.92x
PEG Ratio
-1.52x

Analyst Ratings

No analyst ratings available yet.

Last closing: IDR4622024-04-05
IDR 243.25

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of MORA is IDR243, which is 46% lower than MORA's last closing price of IDR462 (as of 2024-04-05).

Valuation Recap of MORA 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 19.31x is above the ID market average of 8.22x and is trading at a discount to peers in the Telecommunication sector (21.52x).
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 1.74x is above the peers average of 1.24x in the Telecommunication 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 2.38x is below the peers average of 4.20x in the Telecommunication sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of MORA'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. MORA's P/CF ratio of 5.96x 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. MORA's EV/R ratio of 3.49x is considered a relatively high ratio The average EV/R ratio for the Telecommunication sector is 7.21x.
Max 3
Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of MORA is IDR 243.25, which is 46% lower than MORA's last closing price of IDR 462.00.
Max 3

Peers

MORA 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
BRENPT Barito Renewables Energy Tbk.926.47T0.00T 0.00T 0.00T
TLKMPT Telkom Indonesia (Persero) Tbk339.78T276.21T 149.67T 23.67T 14.352.60
ISATPT Indosat Tbk90.71T112.21T 49.68T 3.82T 23.733.12
MTELPT Dayamitra Telekomunikasi Tbk52.05T56.35T 8.40T 1.99T 26.171.56
PGEOPT Pertamina Geothermal Energy Tbk49.37T43.54T 6.20T 2.25T 21.911.72
SUPRSolusi Tunas Pratama Tbk45.39T9.47T 1.88T 0.97T 47.028.49
TOWRSarana Menara Nusantara Tbk42.58T68.22T 11.65T 3.31T 12.872.67
TBIGPT Tower Bersama Infrastructure Tbk42.33T43.76T 6.56T 1.53T 27.613.98
JSMRPT Jasa Marga Tbk39.92T124.90T 18.94T 7.71T 5.171.47
EXCLPT XL Axiata Tbk30.07T86.10T 31.41T 1.14T 26.401.15
Competitiveness Recap of MORA stock
WeightNotesScore
High
At a market cap of IDR 10,924.78 billion, MORA.JK ranks 10 in Market Cap out of 10 companies in the Infrastructures sector.
Max 2
High
At a PE of 19.31, MORA.JK ranks 6 out of 10 companies in the Infrastructures sector for P/E value. The average PE is 19.81 (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 Infrastructures. In this regard, it trails behind sector leaders such as Solusi Tunas Pratama Tbk (47.02) in the Infrastructures sector.
Max 2
Medium
At a PE of 19.31, MORA.JK is trading at a lower PE than that of its subsector peers in Telecommunication (median of 21.52). A lower P/E value presents a potential value opportunity, but it might also indicate that the company is facing headwinds in its business.
Max 2
Medium
At a revenue of IDR 4.59 trillion, MORA.JK ranks 8 in Revenue out of 10 companies in the Infrastructures sector.
Max 2
Medium
At a profit of IDR 0.57 trillion, MORA.JK ranks 9 in Profit out of 10 companies in the Infrastructures sector.
Max 2

Future

Future Growth of MORA

Growth Forecasts

No data available

Sector Benchmark

Telecommunication companies in Indonesia are growing at a projected rate of 15.07% against the IDX average of +12.0%.

Telecommunication sector overview
No data is available for MORA at the moment.
Future growth prospect of MORA
WeightNotesScore
High
MORA's projected growth rate of 15.07% is above the ID market average of 11.98%.●●●
Max 3
High
The Telecommunication sub-sector is projected to grow revenue by 11.28% in 2024. This number is higher than the previous year 2023's growth rate of 4.65%. This bodes well for MORA's revenue growth prospects in the next 2 years. ●●
Max 3
Medium
The Telecommunication sub-sector is projected to increase earnings by 23.79% in 2024. This number is higher than the previous year 2023's EPS growth of 10.96%. This bodes well for MORA's earnings growth prospects in the next 2 years. ●●●
Max 3
Medium
MORA and its peers in the Telecommunication sub-sector belongs to the Infrastructures sector. Companies in the Infrastructures sector are projected to have a fruitful year heading into 2024. Specifically, earnings are projected to increase by 25.05% in 2024 while revenue growth is projected to increase by 11.23%. These macroeconomic trends will likely be a tailwind for MORA's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

Jimmy Kadir15.2 years

Vice President Director

Genta Andhika Putra15.4 years
NamePositionShares%
Genta Andhika PutraVice President Director117,200< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

MORA Ownership

Others
10.68%
Insiders
89.32%
Institutions
0%
NameNumber of SharesOwnership (%)Value
Pt Candrakarya Multikreasi9,653,884,26040.834,460.09B
Pt Gema Lintas Benua7,135,484,42130.173,296.59B
Pt Smart Telecom4,331,835,71018.322,001.31B
Public2,525,347,10010.681,166.71B
No data is available for MORA at the moment.