Financials PT Midi Utama Indonesia Tbk

Equities

End-of-day quote INDONESIA S.E. Other stock markets 06:00:00 2024-05-02 pm EDT			5-day change	1st Jan Change
402 ^IDR	+0.50%		+4.15%	-6.51%

May. 01	PT Midi Utama Indonesia Tbk Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 23	Nomura Adjusts Midi Utama Indonesia’s Price Target to 450 Rupiahs From 600 Rupiahs, Keeps at Buy	MT

Fiscal Period: December	2022	2023	2024	2025	2026
Capitalization ¹	8,560,588	14,377,177	13,440,989	-	-
Enterprise Value (EV) ²	8,561	14,377	13,158	12,632	12,241
P/E ratio	-	25.7 x	21.9 x	18.9 x	15.5 x
Yield	-	-	1.3%	1.6%	2.26%
Capitalization / Revenue	0.55 x	0.83 x	0.69 x	0.59 x	0.54 x
EV / Revenue	0.55 x	0.83 x	0.67 x	0.56 x	0.49 x
EV / EBITDA	-	11.2 x	8.55 x	7.14 x	6.12 x
EV / FCF	-	-	50.8 x	19.7 x	17.1 x
FCF Yield	-	-	1.97%	5.07%	5.86%
Price to Book	-	-	3.23 x	2.86 x	2.54 x
Nbr of stocks (in thousands)	28,823,530	33,435,295	33,435,295	-	-
Reference price ³	297.0	430.0	402.0	402.0	402.0
Announcement Date	3/7/23	3/22/24	-	-	-

¹IDR in Million²IDR in Billions³IDR

Estimates

Fiscal Period: December	2022	2023	2024	2025	2026
Net sales ¹	15,624	17,351	19,542	22,602	24,974
EBITDA ¹	-	1,281	1,539	1,770	1,999
EBIT ¹	-	425.1	484	711.1	844
Operating Margin	-	2.45%	2.48%	3.15%	3.38%
Earnings before Tax (EBT) ¹	-	646.5	733.8	877.8	1,089
Net income ¹	398.9	516.7	613.2	711.8	870
Net margin	2.55%	2.98%	3.14%	3.15%	3.48%
EPS ²	-	16.73	18.35	21.28	26.01
Free Cash Flow ³	-	-	259,000	641,000	717,000
FCF margin	-	-	1,325.36%	2,835.97%	2,870.99%
FCF Conversion (EBITDA)	-	-	16,829.11%	36,214.69%	35,867.93%
FCF Conversion (Net income)	-	-	42,235.15%	90,056.55%	82,413.79%
Dividend per Share ²	-	-	5.210	6.430	9.100
Announcement Date	3/7/23	3/22/24	-	-	-

¹IDR in Billions²IDR³IDR in Million

Estimates

Fiscal Period: December	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-
Net Cash position ¹	-	-	283	809	1,200
Leverage (Debt/EBITDA)	-	-	-	-	-
Free Cash Flow ²	-	-	259,000	641,000	717,000
ROE (net income / shareholders' equity)	-	-	16%	16.6%	17.4%
ROA (Net income/ Total Assets)	-	-	7.6%	8.8%	-
Assets ¹	-	-	8,069	8,088	-
Book Value Per Share ³	-	-	124.0	140.0	158.0
Cash Flow per Share	-	-	-	-	-
Capex ¹	-	-	987	1,016	1,265
Capex / Sales	-	-	5.05%	4.5%	5.07%
Announcement Date	3/7/23	3/22/24	-	-	-

¹IDR in Billions²IDR in Million³IDR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

402 IDR

Average target price

515 IDR

Spread / Average Target

+28.11%

	1st Jan change	Capi.
PT MIDI UTAMA INDONESIA TBK	-6.51%	837M
FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V.	-8.92%	38.91B
AVENUE SUPERMARTS LIMITED	+12.97%	35.99B
SEVEN & I HOLDINGS CO., LTD.	+8.71%	34.46B
SM INVESTMENTS CORPORATION	+8.03%	20.14B
COLES GROUP LIMITED	+0.06%	14.22B
JERÓNIMO MARTINS, SGPS, S.A.	-15.36%	13.2B
ICA GRUPPEN	-.--%	11.82B
CARREFOUR	-5.70%	11.63B
CASEY'S GENERAL STORES, INC.	+14.26%	11.62B