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    Distribution services

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    Medical distributors
PT Multi Indocitra Tbk

PT Multi Indocitra Tbk

IIDX:MICE
470.00
IDR
+4.00
(+0.86%)
71.81EPS
6.88P/E
296.40BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
991.07
885.51
930.52
931.71
957.56
1,071.35
1,183.86
1,098.86
1,302.08
1,646.61
1,835.76
1,888.12
2,045.1
2,212.43
Basic EPS, GAAP
67.11
63.37
39.12
35
111.9
55.42
62.2
4.53
50.89
80.61
58.07
71.17
73.68
71.81
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
15
10
10
-0.22
10
10
10
4.97
4
15
5
10
10
- -
Book Value per Share
733.94
790.19
885.99
918.35
1,020.09
1,071
1,154.17
1,150
1,200.46
1,265.41
1,504.74
1,567.16
1,614.09
1,655.17
Tangible Book Value per Share
731.52
785.78
882.47
916.01
1,019.14
1,069.35
1,128.98
1,149.08
1,199.72
1,265.01
1,504.35
1,566.88
1,611.44
1,654.93
Basic Weighted Avg Shares
597
597
597
593
595
595
595
595
592
592
592
592
592
599
Sales/Revenue/Turnover
591,343
528,358
555,216
552,344
570,153
637,905
704,898
654,285
770,708
974,637
1,086,594
1,117,589
1,210,505
1,324,567
Operating Margin (%)
11.74
12.64
8.21
6.56
5.91
7.09
5.91
5.65
10.03
9.63
8.61
8.07
8.12
6.56
Depreciation Expense
7,139
10,358
8,718
7,876
8,781
9,541
9,941
23,381
18,942
17,636
17,158
21,557
21,262
20,184
Net Income, GAAP
40,044
37,812
23,344
20,749
66,627
32,998
37,033
2,698
30,119
47,712
34,369
42,125
43,614
42,990
Effective Tax Rate (%)
29.01
28.58
30.18
35.93
34.32
25.22
21.73
68.86
29.31
29.48
27.32
26.17
34.92
28.46
Profit Margin (%)
6.77
7.16
4.2
3.76
11.69
5.17
5.25
0.41
3.91
4.9
3.16
3.77
3.6
3.25
Working Capital
246,981
281,930
325,856
317,052
257,149
208,435
184,549
186,109
197,488
222,079
252,229
301,812
329,319
351,662
LT Debt
14,172
6,067
7,039
14,264
11,517
44,387
36,151
30,865
19,201
17,593
20,949
13,401
10,849
7,948
Total Equity
492,164
528,616
583,972
600,813
607,382
637,712
678,855
680,712
710,572
749,015
890,675
927,625
968,470
993,117
Return on Invested Capital (%)
10.12
7.73
4.84
3.06
9.91
5.26
6.35
1.04
4.68
6.37
4.85
5.13
4.93
4.81
Return on Capital (%)
7.93
6.88
4.06
3.56
10.2
5.47
6.63
1.12
4.76
6.48
4.9
5.18
4.98
4.9
Return on Common Equity (%)
10.82
8.32
4.67
3.86
11.55
5.3
5.59
0.39
4.33
6.54
4.19
4.63
4.6
4.42

Capital Structure

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
304,628
320,659
328,117
LT Borrowings
9,449
8,458
7,421
LT Finance Leases
1,400
917
528
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
600
600
600
Market Capitalization
345,000
300,000
296,400

Working Capital

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
790,920
806,606
828,028
Cash, Cash Equivalents & STI
75,489
73,481
75,573
Accounts Receivable, Net
228,524
268,592
268,267
Inventories
448,308
410,879
424,165
Total Current Liabilities
461,602
475,064
476,366
Payables & Accruals
- -
- -
- -
ST Debt
304,628
320,659
328,117
Deferred Revenue
- -
- -
- -

Growth Rates

IDR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.29%
7.45%
4.4%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
115.2%
214.6%
3.53%
Sales/Revenue/Turnover
8.48%
13.38%
8.31%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
260,029
274,533
285,579
297,447
1,117,589
2025
243,528
328,190
313,250
325,537
1,210,505
2026
329,717
356,063
- -
- -
- -

Quarterly Earnings Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
9.73
28.12
20.78
12.54
71.17
2025
6.86
36.28
24.98
5.38
73.68
2026
1.75
39.77
- -
- -
- -

Quarterly Dividends Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
10
2025
- -
- -
- -
- -
10
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Anthony Honoris
Full Time Employees
433
Sector
Distribution services
Industry
Medical distributors
Address
Green Central City Jakarta JK Indonesia 11120
IPO Date
Dec 20, 2005
Website
mic.co.id
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Business
PT Multi Indocitra Tbk (MICE.JK) is an Indonesia-based company engaged in the manufacturing, distribution, and trading of baby products, health care items, cosmetics, and personal care goods. The company offers a comprehensive range of products under brands such as Pigeon Baby, including feeding bottles, nipples, accessories, breast pads, breast pumps, baby wipes, baby toiletries, kids toiletries, and baby skin care; personal care products under Pigeon Teens, Kaila, Feira White, Viva, Skinlabs, Barry M Cosmetics, TENA, and Drypers; and energy-saving lamps such as LED lamps, daylight bulbs, warm white bulbs, and flood lights under HORI, along with household items like those from Lock&Lock. It operates through segments including Trading, Industry, Services, Distribution, Baby, Cosmetics, and Retail, providing additional offerings in e-commerce enablement via its BabyPapaya.id marketplace launched in 2017, logistics, warehousing, transportation, and marketing agency services. Founded on January 11, 1990, and headquartered at Green Central City Commercial Area, 6th Floor, Jl. Gajah Mada No. 188, Jakarta Barat, Indonesia, the company manufactures at facilities in Cikande, Banten, and Ciawi, West Java, with distribution reaching over 36,500 outlets across traditional and modern markets nationwide. Its operations focus on the Indonesian market, serving consumers of infant, maternal, child, and personal care products through export-import activities, retail, and direct production. Subsidiaries include PT Multielok Cosmetic, PT Pigeon Indonesia, PT Citra Makmur Ritailindo, PT Digital Niaga Indonesia, and others supporting its diversified portfolio. In recent developments, PT Multi Indocitra Tbk acquired a 51% stake in PT Nusapangan Sukses Makmur from PT Ke Lola Usaha Makmur for IDR 6 billion, expanding its business scope. The company reported earnings for the half-year ended June 30, 2025, and announced an annual dividend payable on July 31, 2025, reflecting ongoing financial stability. It has also formed a new subsidiary, PT Multitrans Nusantara Logistik, to bolster logistics capabilities in alignment with its service segment growth. As of recent data, the company employs approximately 396 to over 800 personnel across its operations.