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PT Mandala Multifinance Tbk

PT Mandala Multifinance Tbk

MFIN.JK
PT Mandala Multifinance TbkID flagIndonesia Stock Exchange
890.00
IDR
+50.00
- -
4.45TMarket Cap
PT Mandala Multifinance Tbk
MFIN.JK
(Indonesia Stock Exchange)

Recent

price

890.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
TTM
FRC
80.44
104.77
202.82
221.86
242.63
267.72
292.29
251.96
242.86
251.73
299.43
264.09
303
372.48
376.73
402.55
417.98
Revenue per Share
18.76
23.02
31.29
37.84
44.94
53.25
42.79
44.31
57.78
57.86
65.45
30.27
84.22
114.29
73.4
90.34
91.25
Basic EPS, GAAP
-3.99
-10.6
-4.93
-3.25
-3.8
-4.75
-5.44
-5.8
-5.89
-8.04
-6.27
-6.88
-9.44
-13.01
-19.95
-16.5
-10.91
Free Cash Flow per Basic Share
5.48
5.63
6.9
9.38
3.79
4.48
5.29
4.37
34.49
34.49
23
13.8
8.74
33.57
45.99
- -
- -
Dividend per Share
77.35
96.63
120.13
144.87
185.98
234.75
272.26
312.19
335.48
358.84
401.29
410.43
485.91
566.63
594.04
669.64
664.35
Book Value per Share
82.09
101.36
125.75
154.2
193.6
240.65
276.72
313.96
335.15
357.38
394.96
404.57
477.47
558.17
584.01
673.79
652.67
Tangible Book Value per Share
5,762
5,762
5,762
5,762
5,762
5,762
5,762
5,762
5,762
5,762
5,762
5,762
5,762
5,762
5,762
5,708
5,762
Basic Weighted Avg Shares
463,490
603,643
1,168,587
1,278,318
1,397,975
1,542,504
1,684,117
1,451,725
1,399,289
1,450,376
1,725,217
1,521,624
1,745,791
2,146,134
2,170,598
2,297,722
2,408,251
Sales/Revenue/Turnover
39.25
30.9
30.86
30.32
36
37.58
36.38
34
39.97
40.25
45
46.35
58.71
57.51
50.18
52.2
52.75
Operating Margin (%)
14,712
19,534
24,090
30,257
28,247
25,916
24,818
32,799
26,836
28,302
27,036
34,454
39,080
42,587
56,314
69,136
75,424
Depreciation Expense
108,105
132,663
180,261
218,002
258,929
306,822
246,564
255,284
332,932
333,346
377,084
174,397
485,251
658,514
422,910
515,664
525,743
Net Income, GAAP
27.05
25.01
25.13
25.18
25.16
25.04
25.16
24.69
24.62
25.19
26.62
25.31
20.97
21.53
19.79
22.81
23.4
Effective Tax Rate (%)
23.32
21.98
15.43
17.05
18.52
19.89
14.64
17.58
23.79
22.98
21.86
11.46
27.8
30.68
19.48
22.44
21.83
Profit Margin (%)
- -
- -
2,145,796
1,875,449
3,665,884
4,462,956
4,275,590
3,260,770
2,923,595
3,295,670
4,320,342
2,541,718
3,374,701
4,420,384
3,778,068
4,266,966
4,410,961
Working Capital
- -
- -
1,559,963
1,129,299
2,699,813
3,223,017
2,842,251
1,576,961
1,104,225
1,358,908
2,151,886
367,354
789,748
1,385,210
618,611
619,022
839,281
LT Debt
472,954
584,025
724,536
888,478
1,115,460
1,386,555
1,594,385
1,813,426
1,933,974
2,060,667
2,277,895
2,334,972
2,762,949
3,235,944
3,396,430
3,894,430
3,807,350
Total Equity
30.53
26.47
12.64
7.66
9.81
10.36
10.18
9.56
13.15
13.55
14.61
12.9
18.76
17.69
14.4
15.4
15.9
Return on Invested Capital (%)
26.53
26.47
8.55
5.81
6.8
7.7
6.58
7.67
10.96
10.91
10.58
5.48
12.36
13.47
8.07
9.27
8.95
Return on Capital (%)
26.53
26.47
28.87
28.56
27.17
25.31
16.88
15.16
17.84
16.67
17.22
7.46
18.79
21.72
12.65
14.24
14.09
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
1,748,933
1,733,729
1,963,223
LT Borrowings
619,022
843,228
839,281
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5,761
5,761
5,000
Market Capitalization
8,520,277
10,545,868
17,342,620

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
6,346,525
6,681,338
6,599,898
Cash, Cash Equivalents & STI
405,361
389,042
403,117
Accounts Receivable, Net
5,877,637
6,190,798
6,115,602
Inventories
- -
- -
- -
Total Current Liabilities
2,079,559
2,076,644
2,188,937
Payables & Accruals
- -
- -
- -
ST Debt
1,748,933
1,733,729
1,963,223
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11%
11.52%
14.66%
Free Cash Flow
15.72%
24%
-18.09%
Net Income, GAAP
17.39%
29.27%
21.93%
Sales/Revenue/Turnover
4.72%
6.57%
5.86%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
560,401
511,703
548,304
550,190
2,170,598
2024
539,498
573,146
578,130
606,948
2,297,722
2025
605,719
617,454
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
25.96
- -
- -
- -
73.4
2024
15.87
- -
- -
- -
90.34
2025
19.52
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
45.99
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
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Business
PT Mandala Multifinance Tbk PT Mandala Multifinance Tbk (MFIN.JK) engages in consumer financing in Indonesia, focusing on motorcycle financing, electronics, furniture, multipurpose loans, used cars, car refinancing, working capital, and investment financing through conventional and sharia segments. The company offers new and used motorcycle consumer financing services; consumer loans for cars, electronics, and furniture; as well as multipurpose, working capital, and investment financing, primarily targeting unbanked and underbanked customers across Java, Sulawesi, Sumatera, Kalimantan, Nusa Tenggara, Maluku, and Papua. Founded in 1983 as PT Vidya Cipta Leasing Corporation and headquartered in Jakarta Pusat, it changed to its current name in 1997, went public in 2005, and operates as a subsidiary of MUFG Bank, Ltd., with over 6,000 employees and more than 270 branches. In recent developments, MUFG Bank acquired an 80.6% stake in 2023 for IDR 7 trillion, completed in early 2024, increasing control to 89.26% following a tender offer; this positions the company within the MUFG financial conglomerate alongside PT Adira Dinamika Multi Finance Tbk (ADMF). On April 30, 2025, PT Mandala Multifinance Tbk announced a merger with ADMF as the surviving entity, approved by shareholders in June 2025, with the merger effective October 1, 2025, aiming to consolidate operations, enhance market position in automotive financing especially in eastern Indonesia, boost total assets to IDR 38.4 trillion, and improve service through expanded networks and digital platforms. Post-merger, the combined entity maintains commitments to dividend policies, capital adequacy, and growth synergies with MUFG and PT Bank Danamon Indonesia Tbk.