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  2. •

    Consumer Cyclical

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    Department Stores
PT. Mitra Adiperkasa Tbk

PT. Mitra Adiperkasa Tbk

PMDKF
PT. Mitra Adiperkasa TbkUS flagOther OTC
0.06
USD
-NaN
- -
996.00MMarket Cap
PT. Mitra Adiperkasa Tbk
PMDKF
(Other OTC)

Recent

price

0.06

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
283.89
465.78
580.15
726.71
858.92
923.6
1,012.56
1,154.04
1,326.8
1,501.74
988.15
1,221.43
1,792.36
2,210.75
2,469.75
2,785.91
2,294.81
Revenue per Share
12.11
21.71
26.07
19.75
4.76
2.26
12.61
20.24
44.5
56.44
-33.48
25.4
128.05
114.49
106.87
134.41
118.86
Basic EPS, GAAP
-25.83
-27.9
-50.88
-53.26
-38.58
-39.95
-47.9
-65.52
-67.06
-59.63
-22.34
-24.14
-56.23
-123.94
-134.09
-108.57
-106.78
Free Cash Flow per Basic Share
1.5
2
3.5
4.3
2
- -
- -
2.5
4
10
- -
- -
- -
10.15
10.68
12.14
- -
Dividend per Share
89.38
107.22
129.49
144.75
147.21
150.03
162.64
180.08
220.27
266.37
226.23
253.46
381.21
487.39
585.96
707.93
745.77
Book Value per Share
84.33
104.59
127.39
140.46
149.39
177.57
187.43
249.7
358.32
445.63
392.64
428.85
585.04
743.73
868.38
1,031.32
1,078.84
Tangible Book Value per Share
16,600
16,600
16,600
16,600
16,600
16,537
16,537
16,537
16,537
16,539
16,540
16,540
16,540
16,540
16,540
16,600
16,600
Basic Weighted Avg Shares
4,712,500
7,731,995
9,630,526
12,063,390
14,258,142
15,273,494
16,744,675
19,084,331
21,941,114
24,837,931
16,343,663
20,202,040
29,644,997
36,564,945
40,848,779
46,246,112
38,093,793
Sales/Revenue/Turnover
9.53
8.98
7.9
6.23
4.57
3.42
5.83
6.24
7.53
8.57
-0.84
6.4
10.41
9.59
8.27
9.13
9.09
Operating Margin (%)
12,083
277,096
340,698
450,636
547,879
578,892
623,195
681,517
760,840
849,279
2,283,415
2,185,477
2,366,713
2,581,719
2,904,302
3,244,448
2,538,137
Depreciation Expense
201,071
360,425
432,751
327,792
79,061
37,334
208,476
334,651
735,829
933,493
-553,716
420,176
2,117,880
1,893,549
1,767,617
2,231,156
1,973,072
Net Income, GAAP
27.09
25.62
27.59
32.43
55.99
79.68
48.07
41.4
30.64
28.42
- -
30.75
20.86
26.78
24.22
23.18
22.85
Effective Tax Rate (%)
4.27
4.66
4.49
2.72
0.55
0.24
1.25
1.75
3.35
3.76
-3.39
2.08
7.14
5.18
4.33
4.82
5.18
Profit Margin (%)
396,273
91,106
579,839
468,894
1,320,201
2,405,667
2,434,952
2,233,828
1,893,914
2,486,588
820,501
1,552,118
3,173,130
3,940,522
4,869,650
6,976,223
7,383,336
Working Capital
140,935
132,772
864,989
1,047,926
1,858,259
2,719,229
2,611,124
1,852,999
424,458
5,533
2,968,542
2,328,182
3,014,115
3,218,476
3,160,593
3,060,869
3,124,586
LT Debt
1,469,143
1,794,134
2,172,675
2,384,644
2,532,838
2,974,911
3,203,510
4,242,414
6,062,186
7,370,545
6,573,597
7,172,473
9,755,776
12,411,700
14,450,911
17,211,483
18,001,442
Total Equity
13.71
19.98
15.14
10.65
5.06
1.65
6.94
8.85
13.53
16.53
- -
6.87
17.27
13.97
11.75
13.53
10.45
Return on Invested Capital (%)
12.95
18.19
15.47
10.3
4.33
2.01
6.27
7.82
12.34
11.5
- -
6.3
17.3
10.87
9.31
10.03
8.38
Return on Capital (%)
14.41
22.09
22.03
14.4
3.26
1.52
8.06
11.81
22.23
23.2
-13.59
10.59
40.35
26.36
19.91
20.81
17.5
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
4,858,738
4,706,457
5,349,223
LT Borrowings
- -
- -
- -
LT Finance Leases
2,911,822
3,060,869
3,124,586
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
16,600
16,600
Market Capitalization
13,833,333
13,833,333
14,067,797

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
18,425,158
19,334,841
Cash, Cash Equivalents & STI
- -
6,034,770
6,319,879
Accounts Receivable, Net
- -
773,613
678,899
Inventories
- -
9,342,054
9,776,560
Total Current Liabilities
- -
11,448,935
11,951,505
Payables & Accruals
- -
- -
- -
ST Debt
4,858,738
4,706,457
5,349,223
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
20.16%
21.58%
19.1%
Free Cash Flow
23.63%
50.17%
-18.73%
Net Income, GAAP
74.35%
47.43%
26.22%
Sales/Revenue/Turnover
13.62%
23.72%
13.21%
Total Cash Common Dividend
- -
- -
14.06%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
9,539,326
9,925,355
10,338,890
11,045,208
40,848,779
2025
10,166,930
10,970,876
- -
13,924,185
46,246,112
2026
13,198,732
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
25.03
- -
- -
- -
106.87
2025
28.45
- -
- -
- -
134.41
2026
37.83
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
10.68
2025
- -
- -
- -
- -
12.14
2026
- -
- -
- -
- -
- -
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Business
PT. Mitra Adiperkasa Tbk (MAPI) operates as Indonesia's leading multi-channel lifestyle retailer, specializing in retail trading of clothing, footwear, accessories, bags, sports equipment, toys, cellular phones, tablets, computers and related accessories; department stores under SOGO and SEIBU banners; café and restaurant operations encompassing Starbucks, Burger King, Domino's Pizza, Pizza Express, Krispy Kreme, and GODIVA; as well as garment manufacturing, property, investment, bookstore, and handicraft trading businesses. The company manages over 3,800 retail outlets across more than 150 international brands including Zara, Marks & Spencer, Mango, Converse, New Balance, Foot Locker, Planet Sports, Nine West, and Digimap (formerly Infinite, the official Apple retailer in Indonesia), serving middle-class consumers in sports, fashion, kids, food & beverage, and lifestyle segments. Founded in 1995 and headquartered in Central Jakarta, Indonesia, it employs over 31,000 professionals and maintains geographic operations in seven countries including Indonesia (80+ cities), Vietnam, the Philippines, Thailand, Singapore, Cambodia, and India. As a subsidiary of PT Satya Mulia Gema Gemilang, which holds a majority stake, PT. Mitra Adiperkasa Tbk lists on the Indonesia Stock Exchange (ticker: MAPI.JK; OTC: PMDKF) since its IPO in November 2004. Recent developments include the expansion of its partnership with Frasers Group through subsidiary MAP Active in March 2025 to launch up to 350 Sports Direct stores across Indonesia, India, the Philippines, Thailand, Vietnam, and Cambodia, building on their 2023 introduction of the brand in Indonesia. In 2025, Singapore-based Pacific Universal Investments Pte. Ltd. received regulatory approvals, including from the Philippine Competition Commission, to acquire a controlling stake from PT Satya Mulia Gema Gemilang, marking a significant ownership transition. The company allocated IDR 2 trillion in capital expenditure for 2025, prioritizing optimization of high-performing brands like New Balance, Converse, Foot Locker, and Zara amid moderated expansion in food & beverage and international markets due to economic conditions, while pursuing strategic alliances such as with SM Group in the Philippines and Central Group in Thailand. Key subsidiaries include PT Map Boga Adiperkasa Tbk (F&B), PT Map Aktif Adiperkasa Tbk (sports), PT Mapple Mitra Adiperkasa (Apple products), and various entities in activewear and lifestyle retail across ASEAN. These initiatives support steady financial growth, with 9M 2025 net revenue up 8.8% year-over-year to IDR 30 trillion.