Matahari Putra Prima Tbk

mppa

Overview

MPPA Overview

PT Matahari Putra Prima Tbk is an Indonesia-based retail business. The Company conducts its business operation in the form of hypermarket and supermarket chain providing various products such as daily necessities products to electronics. It operates Hypermart, Foodmart, Hyfresh, and Boston Health & Beauty stores in approximately 196 locations in Jakarta and other cities in Indonesia. Through its Foodmart Fresh and premium Foodmart Primo supermarket formats, the Company focuses on fresh foods, bakery, ready-to-eat (RTE) products as well as a wide variety of local and international products. Boston HBC offers a comfortable and modern health & beauty store concept with additional health consultation services at selected stores. The Company also operates Hypermart Online, an e-commerce platform.

24681012ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: MPPA

Main
Market Cap.
IDR 648.33Billion

~$41.26M USD

Industry
Food & Staples Retailing
Sub-Industry
Supermarkets & Convenience Store
Sector
Consumer Non-Cyclicals

Valuation

MPPA Valuation Metrics

50

IDR

Closing Price on 2024-04-05

Price to Equity

-1.67

P/E

At -1.67x P/E TTM, MPPA.JK is trading at a discount to its peers in the Food & Staples Retailing sector.

Price to Book

2.38

P/B

At 2.38x P/B TTM, MPPA.JK is trading in line with its peers in the Food & Staples Retailing sector.

Price to Sales

0.09

P/S

At 0.09x P/S TTM, MPPA.JK is trading at a discount to its peers in the Food & Staples Retailing sector.

Valuing Matahari Putra Prima Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Food & Staples Retailing sector

Historical Price to Earnings

Other Valuation Metrics

Valuing Matahari Putra Prima Tbk relative to other stocks in the Food & Staples Retailing sector

Price/Cash Flow
26.78x
Price/Forward Earnings
13.85x
Enterprise Value/Revenue
0.27x
Enterprise Value/EBITDA
7.12x
PEG Ratio
-0.08x

Analyst Ratings

40
60
80
0
100

75.0

Undervalued

Fairly Valued

Overvalued

Valuation Recap of MPPA 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 -1.67x is below the ID market average of 8.22x and is trading at a discount to peers in the Food & Staples Retailing sector (8.18x). In fact, less than 25% of its peers trade at a lower P/E ratio than MPPA.●●●
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 2.38x is similar to the peers average of 2.58x in the Food & Staples 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 0.09x is similar to the peers average of 0.47x in the Food & Staples Retailing sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of MPPA's valuation relative to its current sales and future earnings growth. MPPA trades at a Forward P/E ratio of 13.85x, 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. MPPA's P/CF ratio of 26.78x 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. MPPA's EV/R ratio of 0.27x is considered extremely underpriced by the market The average EV/R ratio for the Food & Staples Retailing sector is 0.53x. ●●●
Max 3

Peers

MPPA 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
ICBPIndofood CBP Sukses Makmur Tbk126.53T118.89T 67.20T 8.34T 15.173.09
AMRTPT Sumber Alfaria Trijaya Tbk.119.59T33.01T 104.81T 3.29T 36.309.87
UNVRUnilever Indonesia Tbk102.24T18.92T 40.19T 4.94T 20.6919.00
HMSPHM Sampoerna Tbk99.45T55.76T 142.08T 9.79T 10.163.55
PANIPT Pantai Indah Kapuk Dua Tbk.86.73T16.92T 2.13T 0.38T 225.7838.08
CPINCharoen Pokphand Indonesia Tbk86.50T41.94T 60.56T 2.42T 35.772.98
INDFIndofood Sukses Makmur Tbk57.07T188.81T 113.90T 8.80T 6.490.98
MYORMayora Indah Tbk54.11T23.42T 31.33T 2.88T 18.763.90
CMRYPT Cisarua Mountain Dairy Tbk40.07T6.59T 7.36T 1.15T 34.897.07
MIDIMidi Utama Indonesia Tbk13.23T7.39T 16.99T 0.48T 27.523.62
Competitiveness Recap of MPPA stock
WeightNotesScore
High
At a market cap of IDR 648.33 billion, MPPA.JK ranks 10 in Market Cap out of 10 companies in the Consumer Non-Cyclicals sector.
Max 2
High
At a PE of -1.67, MPPA.JK ranks 10 out of 10 companies in the Consumer Non-Cyclicals sector for P/E value. The average PE is 40.23 (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 Non-Cyclicals. In this regard, it trails behind sector leaders such as PT Pantai Indah Kapuk Dua Tbk. (225.78) in the Consumer Non-Cyclicals sector.
Max 2
Medium
At a PE of -1.67, MPPA.JK is trading at a lower PE than that of its subsector peers in Food & Staples Retailing (median of 8.18). 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 7.38 trillion, MPPA.JK ranks 8 in Revenue out of 10 companies in the Consumer Non-Cyclicals sector.
Max 2
Medium
At a profit of -IDR 0.39 trillion, MPPA.JK ranks 10 in Profit out of 10 companies in the Consumer Non-Cyclicals sector.
Max 2

Future

Future Growth of MPPA

Growth Forecasts

Sector Revenue Growth
+24.4%
Food & Staples Retailing
Indonesia Market Growth
+12.0%
IDX overall growth
Food & Staples Retailing Sector Revenue Growth '24
+24.8%
Consumer Non-Cyclicals Sector Revenue Growth '24
+13.2%

Sector Benchmark

Food & Staples Retailing companies in Indonesia are growing at a projected rate of 24.39% against the IDX average of +12.0%.

Food & Staples Retailing sector overview

MPPA Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of MPPA
WeightNotesScore
High
MPPA's projected growth rate of 24.39% is above the ID market average of 11.98%.●●●
Max 3
High
The Food & Staples Retailing sub-sector is projected to grow revenue by 24.83% in 2024. This number is higher than the previous year 2023's growth rate of 11.26%. This bodes well for MPPA's revenue growth prospects in the next 2 years. ●●●
Max 3
Medium
The Food & Staples Retailing sub-sector is projected to increase earnings by 50.69% in 2024. This number is higher than the previous year 2023's EPS growth of 23.34%. This bodes well for MPPA's earnings growth prospects in the next 2 years. ●●●
Max 3
Medium
MPPA and its peers in the Food & Staples Retailing sub-sector belongs to the Consumer Non-Cyclicals sector. Companies in the Consumer Non-Cyclicals sector are projected to have a fruitful year heading into 2024. Specifically, earnings are projected to increase by 53.54% in 2024 while revenue growth is projected to increase by 13.24%. These macroeconomic trends will likely be a tailwind for MPPA's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

Adrian Suherman15.2 years

Vice President Director

Yerry Goei15.4 years
Mirtha
Director
Roy Atmadja
Director
Lydiawati Kurniawan
Director
NamePositionShares%
No data is available for MPPA at the moment.
Expressed in millions IDR, unless otherwise stated

Ownership

MPPA Ownership

Others
45.85%
Insiders
46.09%
Institutions
8.06%
NameNumber of SharesOwnership (%)Value
Multipolar, Pt, Tbk7,075,845,87054.57353.79B
Public (Scripless)4,740,950,84236.56237.05B
Bnym Re Consilium Frontier Equity Fund Lp-20399269161,148,862,8258.8657.44B
Public (Scrip)980,5470.010.05B
No data is available for MPPA at the moment.