1. Indonesia Stocks

  2. •

    Consumer non-durables

  3. •

    Beverages: alcoholic
PT Multi Bintang Indonesia Tbk

PT Multi Bintang Indonesia Tbk

IIDX:MLBI
6,600.00
IDR
0.00
(0.00%)
578.76EPS
10.93P/E
13.33TMarket Cap
PT Multi Bintang Indonesia Tbk
IDX:MLBI
(Indonesia Stock Exchange)

Recent

price

6,600.00

P/E

ratio

10.93

div

yld

7.88%

ROIC.AI

2008
2009
2010
2011
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
IDR
629.17
767.09
849.63
882.18
1,418.37
1,279.7
1,548.79
1,608.8
1,696.63
1,761.46
942.1
1,174.03
1,478.36
1,576.78
1,606.06
1,681.31
1,753.99
Revenue per Share
105.51
161.58
210.21
240.74
377.18
235.74
465.98
627.34
581.2
572.26
135.58
315.94
438.9
506.02
541.98
561.63
578.65
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
35.87
162.81
147.81
212.12
578.97
137.62
437.97
509.53
532.39
581.07
0.24
473.24
449.66
353.74
583.75
539.96
520.28
Dividend per Share
163.35
49.93
223.65
251.59
262.75
363.68
389.43
505.21
553.94
543.68
680.1
521.43
509.09
660.03
624.66
644.2
524.32
Book Value per Share
160.79
49.53
223.63
251.59
262.75
363.68
389.43
505.21
553.94
543.68
680.1
521.43
509.09
660.03
624.66
644.2
518.99
Tangible Book Value per Share
2,107
2,107
2,107
2,107
2,107
2,107
2,107
2,107
2,107
2,107
2,107
2,107
2,107
2,107
2,107
2,107
2,107
Basic Weighted Avg Shares
1,325,661
1,616,264
1,790,164
1,858,750
2,988,501
2,696,318
3,263,311
3,389,736
3,574,801
3,711,405
1,985,009
2,473,681
3,114,907
3,322,282
3,383,969
3,542,528
3,695,656
Sales/Revenue/Turnover
21.6
31.76
34.43
36.35
38.48
35.62
42.06
46.35
46.8
46.05
24.74
35.16
40.59
42.44
43.38
43.62
43.19
Operating Margin (%)
- -
- -
- -
- -
9,678
7,718
7,126
8,171
10,281
12,380
18,441
20,459
18,878
19,540
17,393
16,227
15,085
Depreciation Expense
222,307
340,458
442,916
507,238
794,708
496,712
981,825
1,321,795
1,224,586
1,205,743
285,666
665,682
924,767
1,066,178
1,141,948
1,183,344
1,219,212
Net Income, GAAP
29.17
27.92
25.43
25.44
26.29
26.45
25.61
25.73
26.74
25.85
27.96
24.14
25.8
23.7
21.11
23.71
23.6
Effective Tax Rate (%)
16.77
21.06
24.74
27.29
26.59
18.42
30.09
38.99
34.26
32.49
14.39
26.91
29.69
32.09
33.75
33.4
32.99
Profit Margin (%)
-36,331
-290,712
-34,785
-3,834
-772,307
-505,272
-425,003
-227,269
-349,958
-425,891
-149,180
-441,588
-505,520
-137,239
-195,879
-134,281
-384,577
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
20,528
27,449
24,853
26,685
17,325
21,938
17,300
LT Debt
344,266
105,343
471,368
530,268
553,797
766,480
820,640
1,064,905
1,167,536
1,146,007
1,433,406
1,099,157
1,073,275
1,391,455
1,316,885
1,357,950
1,105,306
Total Equity
49.23
91.1
111.35
89.6
86.62
39.96
77.92
94.31
76.86
75.82
19.34
40.45
54.02
56.7
59.77
65.33
69.06
Return on Invested Capital (%)
81.99
151.39
153.55
101.25
92.09
41.72
83.54
103.67
86.09
81.65
20.37
41.56
61.65
65.94
69.94
79.08
84.62
Return on Capital (%)
82.05
151.52
153.68
101.31
146.66
75.27
123.75
140.24
109.75
104.27
22.16
52.59
85.18
86.56
84.37
88.52
93.22
Return on Common Equity (%)

Capital Structure

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
84,930
86,253
85,249
LT Borrowings
- -
- -
- -
LT Finance Leases
21,938
18,434
17,300
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,107
2,107
2,107
Market Capitalization
11,957,225
11,851,875
13,326,775

Working Capital

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,846,043
2,019,212
2,412,252
Cash, Cash Equivalents & STI
982,613
1,249,950
1,290,928
Accounts Receivable, Net
548,694
368,544
660,981
Inventories
201,477
227,579
281,411
Total Current Liabilities
1,980,324
1,921,016
2,796,829
Payables & Accruals
- -
- -
- -
ST Debt
84,930
86,253
85,249
Deferred Revenue
- -
- -
- -

Growth Rates

IDR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.15%
0.35%
3.12%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
24.51%
39.6%
3.63%
Sales/Revenue/Turnover
5.14%
12.75%
4.69%
Total Cash Common Dividend
19,950.39%
39,871.12%
-7.5%

Quarterly Revenue

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
660,914
727,934
937,268
1,057,853
3,383,969
2025
669,966
801,879
- -
1,174,017
3,542,528
2026
758,543
961,217
- -
- -
- -

Quarterly Earnings Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
97.2
113.61
151.11
180.06
541.98
2025
92.46
109.61
- -
217.92
561.63
2026
108.68
142.44
- -
- -
- -

Quarterly Dividends Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
394.35
189.23
583.75
2025
0.05
330.88
- -
189.23
539.96
2026
0.06
0.11
- -
- -
- -
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Business
PT Multi Bintang Indonesia Tbk (MLBI.JK) manufactures and distributes beer and other alcoholic beverages in Indonesia. The company produces a range of beer brands including Bir Bintang, Bintang Pilsener, Bintang Mango, Bintang Radler, and Heineken; non-alcoholic malt beverages such as Bintang Zero; and other products like ready-to-drink beverages and spirits. It operates primarily in the alcoholic beverages industry, serving domestic markets through an extensive distribution network of modern outlets, traditional trade channels, and on-premise locations such as hotels, restaurants, and cafes. Founded in 1931 and headquartered in Surabaya, Indonesia, the company maintains production facilities across Java, including breweries in Surabaya, Tangerang, and Ciawi, with nationwide distribution coverage. PT Multi Bintang Indonesia Tbk functions as a key subsidiary within the Heineken N.V. group, leveraging the parent's global expertise in brewing and marketing. Its operations focus on premium and mainstream beer segments, targeting adult consumers through brand innovation and sustainability initiatives. In recent developments, the company has emphasized portfolio expansion with launches like Bintang Mango and Bintang Radler to capture growing demand for flavored and low-alcohol options. It continues strategic investments in production capacity and digital marketing amid Indonesia's evolving regulatory landscape for alcoholic beverages. No major acquisitions, funding rounds, or name changes have been reported in the last 1-2 years, with focus remaining on operational efficiency and market share growth.