Company Valuation: PT Mahaka Radio Integra Tbk

Data adjusted to current consolidation scope
Fiscal Period: December 2019 2020 2021 2022 2023 2024
Market Cap 1 998,002 472,738 2,500,259 672,338 262,632 262,632
Change - -52.63% 428.89% -73.11% -60.94% 0%
Enterprise Value (EV) 1 1,046,072 514,409 2,511,908 863,837 568,052 622,225
Change - -50.82% 388.31% -65.61% -34.24% 9.54%
P/E 29.3x -10.5x -127x -16.2x -5.55x -13.4x
PBR 4.17x 2.46x 14.1x 5.08x 3.09x 4.79x
PEG - 0x 2.3x -0x -0.4x 0.2x
Capitalization / Revenue 6.66x 6.49x 35.9x 9.81x 3.05x 2.69x
EV / Revenue 6.98x 7.06x 36.1x 12.6x 6.59x 6.37x
EV / EBITDA 20.1x -19.1x -127x -9.4x -6.06x -9.88x
EV / EBIT 21.6x -16.6x -104x -9.09x -5.89x -9.53x
EV / FCF 99.9x 58.5x -96.3x -6.24x -7.72x -13.9x
FCF Yield 1% 1.71% -1.04% -16% -13% -7.22%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 6.491 -8.552 -3.758 -7.906 -9.007 -3.736
Distribution rate - - - - - -
Net sales 1 149,903 72,882 69,663 68,506 86,236 97,685
EBITDA 1 52,064 -26,926 -19,719 -91,912 -93,700 -63,008
EBIT 1 48,426 -30,969 -24,052 -95,038 -96,445 -65,293
Net income 1 34,095 -44,920 -19,742 -41,529 -47,308 -19,623
Net Debt 1 48,070 41,671 11,649 191,498 305,420 359,593
Reference price 2 190.00 90.00 476.00 128.00 50.00 50.00
Nbr of stocks (in thousands) 5,252,644 5,252,644 5,252,644 5,252,644 5,252,644 5,252,644
Announcement Date 5/31/20 4/30/22 4/30/22 4/30/23 4/4/24 3/27/25
1IDR in Million2IDR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 6.72M
9.84x2.3x7.52x3.56% 10.34B
-17.23x - - - 57.02M
4.8x0.57x3.46x2.23% 52.11M
Average -0.87x 1.43x 5.49x 2.9% 2.61B
Weighted average by Cap. 9.66x 2.29x 7.50x 3.56%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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