PT Mitra Pinasthika Mustika Tbk.

mpmx

Overview

MPMX Overview

PT Mitra Pinasthika Mustika Tbk is an Indonesia-based consumer automotive company. The Company, through its subsidiaries, is engaged in distribution of two-wheel vehicle and spare parts under Honda brand in East Java and East Nusa Tenggara areas, sales of used cars, vehicle rental and drivers, auctions, general insurance, financing activities, online sales of four wheels-vehicle and its supporting activities. The Company operates through two segments: Distribution, retail and aftermarket, and Insurance. Its Distribution, retail and aftermarket segment include MP Mulia, MPM Motor and Otodeals business. Its Insurance segment includes MPM Insurance and JAACS MPM Finance. In addition, the Company provides vehicles reparation and motorcycle maintenance services; computer consultant activities and other computer facility management services; and oil lubricants distribution services. The Company's subsidiaries include PT Mitra Pinasthika Mulia, PT Asuransi Mitra Pelindung Mustika, and others.

5101520ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: MPMX

Main
Market Cap.
IDR 4.74Trillion

~$301.61M USD

Industry
Specialty Retail
Sub-Industry
Automotive Retail
Sector
Consumer Cyclicals
Sub-Sector

Valuation

MPMX Valuation Metrics

1,045

IDR

Closing Price on 2024-04-05

Price to Equity

7.56

P/E

At 7.56x P/E TTM, MPMX.JK is trading at a discount to its peers in the Retailing sector.

Price to Book

0.79

P/B

At 0.79x P/B TTM, MPMX.JK is trading in line with its peers in the Retailing sector.

Price to Sales

0.32

P/S

At 0.32x P/S TTM, MPMX.JK is trading at a discount to its peers in the Retailing sector.

Valuing PT Mitra Pinasthika Mustika Tbk. based on its trailing twelve months (TTM) valuation metrics against its peers in the Retailing sector

Historical Price to Earnings

Other Valuation Metrics

Valuing PT Mitra Pinasthika Mustika Tbk. relative to other stocks in the Retailing sector

Price/Cash Flow
20.67x
Price/Forward Earnings
8.43x
Enterprise Value/Revenue
0.16x
Enterprise Value/EBITDA
2.66x
PEG Ratio
1.64x

Analyst Ratings

40
60
80
0
100

75.0

Undervalued

Fairly Valued

Overvalued

Last closing: IDR1,0452024-04-05
IDR 1,291.66

Slightly Higher Intrinsic Value: Analyst's intrinsic value is of MPMX is IDR1,292, which is 25% higher than MPMX's last closing price of IDR1,045 (as of 2024-04-05).

Valuation Recap of MPMX 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 7.56x is below the ID market average of 8.22x and is trading at a discount to peers in the Retailing sector (14.28x). ●●
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 0.79x is similar to the peers average of 0.92x in the Retailing 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 0.32x is similar to the peers average of 0.52x in the Retailing sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of MPMX's valuation relative to its current sales and future earnings growth. MPMX trades at a Forward P/E ratio of 8.43x, which is considered fairly undervalued 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. MPMX's P/CF ratio of 20.67x 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. MPMX's EV/R ratio of 0.16x is considered extremely underpriced by the market The average EV/R ratio for the Retailing sector is 1.21x. ●●●
Max 3
Medium
Slightly Higher Intrinsic Value: Analyst's intrinsic value is of MPMX is IDR 1,291.66, which is 25% higher than MPMX's last closing price of IDR 1,045.00.●●●
Max 3

Peers

MPMX 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
ERAAErajaya Swasembada Tbk7.07T21.56T 57.35T 0.83T 8.551.02
Competitiveness Recap of MPMX stock
WeightNotesScore
High
At a market cap of IDR 4,739.06 billion, MPMX.JK ranks 10 in Market Cap out of 10 companies in the Consumer Cyclicals sector.
Max 2
High
At a PE of 7.56, MPMX.JK ranks 8 out of 10 companies in the Consumer Cyclicals sector for P/E value. The average PE is -10.53 (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 7.56, MPMX.JK is trading at a lower PE than that of its subsector peers in Retailing (median of 14.28). 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 14.69 trillion, MPMX.JK ranks 2 in Revenue out of 10 companies in the Consumer Cyclicals sector.●●
Max 2
Medium
At a profit of IDR 0.63 trillion, MPMX.JK ranks 6 in Profit out of 10 companies in the Consumer Cyclicals sector.
Max 2

Future

Future Growth of MPMX

Growth Forecasts

MPMX 2024 Revenue Growth
+6.0%
MPMX 2024 EPS Growth
0.0%
Sector Revenue Growth
+25.2%
Retailing
Indonesia Market Growth
+12.0%
IDX overall growth
Retailing Sector Revenue Growth '24
+35.6%
Consumer Cyclicals Sector Revenue Growth '24
+33.1%

Sector Benchmark

Retailing companies in Indonesia are growing at a projected rate of 25.19% against the IDX average of +12.0%.

Retailing sector overview

MPMX Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of MPMX
WeightNotesScore
High
MPMX's projected growth rate of 25.19% is above the ID market average of 11.98%.●●●
Max 3
High
The Retailing sub-sector is projected to grow revenue by 35.59% in 2024. This number is higher than the previous year 2023's growth rate of 16.44%. This bodes well for MPMX's revenue growth prospects in the next 2 years. ●●●
Max 3
Medium
The Retailing sub-sector is projected to increase earnings by 22.09% in 2024. This number is higher than the previous year 2023's EPS growth of 5.73%. This bodes well for MPMX's earnings growth prospects in the next 2 years. ●●●
Max 3
Medium
MPMX and its peers in the Retailing 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 MPMX's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

Suwito Mawarwati15.2 years
Beatrice Kartika
Director
Kemal Mawira
Director
NamePositionShares%
Beatrice KartikaDirector4,625,1000.1
Drs. Tossin HimawanCommissioner72,429,7001.62
Edwin SoeryadjayaPresident Commissioner130,000< 0.01
Ir. Danny WallaCommissioner51,978,0001.17
Kemal MawiraDirector104,600< 0.01
Suwito MawarwatiPresident Director13,774,1700.31
Expressed in millions IDR, unless otherwise stated

Ownership

MPMX Ownership

Others
27.24%
Insiders
8.34%
Institutions
64.42%
NameNumber of SharesOwnership (%)Value
Pt Saratoga Investama Sedaya Tbk2,530,083,54156.692,643.94B
Public (Scripless)1,469,975,08032.941,536.12B
Pt Persada Capital Investama223,150,0005233.19B
Treasury Stock96,713,0852.17101.07B
Drs. Tossin Himawan72,429,7001.6275.69B
Ir. Danny Walla51,978,0001.1754.32B
Suwito Mawarwati13,774,1700.3114.39B
Beatrice Kartika4,625,1000.14.83B

Largest Institutional Buy

Santa Lucia Asset Management Pte. Ltd
Bought 31-12-2023
+15,000,000 shares
Daiwa Asset Management Co Ltd
Bought 31-12-2023
+3,819,000 shares
Russell Investments Ireland Limited
Bought 31-12-2023
+1,663,017 shares

Largest Institutional Sell

Acadian Asset Management LLC
Sold 31-12-2023
-6,160,664 shares
Globeflex Capital LP (California)
Sold 31-12-2023
-3,167,300 shares
RAM Active Investments SA
Sold 31-12-2023
-2,429,294 shares

Institutional Transactions

Tracking institutional transactions buying / selling of MPMX stock