The Discounted Cash Flow (DCF) valuation of Magna Investama Mandiri Tbk PT (MGNA.JK) is 38.93 IDR. With the latest stock price at 30.00 IDR, the upside of Magna Investama Mandiri Tbk PT based on DCF is 29.8%.
Based on the latest price of 30.00 IDR and our DCF valuation, Magna Investama Mandiri Tbk PT (MGNA.JK) is a buy. Buying MGNA.JK stocks now will result in a potential gain of 29.8%.
Range | Selected | |
WACC / Discount Rate | 7.7% - 10.1% | 8.9% |
Long-term Growth Rate | 1.0% - 3.0% | 2.0% |
Fair Price | 26.55 - 62.99 | 38.93 |
Upside | -11.5% - 110.0% | 29.8% |
(IDR in millions) | Projections | |||||
12-2024 | 12-2025 | 12-2026 | 12-2027 | 12-2028 | 12-2029 | |
Revenue | 50,002 | 53,724 | 55,254 | 56,957 | 61,197 | 63,856 |
% Growth | 5% | 7% | 3% | 3% | 7% | 4% |
Cost of goods sold | (19,897) | (21,378) | (21,986) | (22,664) | (24,351) | (25,410) |
% of Revenue | 40% | 40% | 40% | 40% | 40% | 40% |
Selling, G&A expenses | (13,497) | (14,501) | (14,914) | (15,374) | (16,518) | (17,236) |
% of Revenue | 27% | 27% | 27% | 27% | 27% | 27% |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
% of Revenue | 0% | 0% | 0% | 0% | 0% | 0% |
Net interest & other expenses | (7,236) | (7,775) | (7,996) | (8,243) | (8,856) | (9,241) |
% of Revenue | 14% | 14% | 14% | 14% | 14% | 14% |
Tax expense | (3,628) | (81) | (84) | (86) | (92) | (97) |
Tax rate | 39% | 1% | 1% | 1% | 1% | 1% |
Net profit | 5,745 | 9,989 | 10,273 | 10,590 | 11,378 | 11,873 |
% Margin | 11% | 19% | 19% | 19% | 19% | 19% |