Risk factor
Very high price volatility
Profitability factor
Greatly undervalued vs peers
About
PT Mahaka Media Tbk is an Indonesian-based, diverse media conglomerate with operations spanning both domestic and international markets. The company's fundamental business involves originating, marketing, curating, and disseminating content for various communities across numerous platforms. Its comprehensive publishing division features the Islamic newspaper Harian Republika Daily; Republika Penerbit, a publishing house focused on Islamic reference books, novels, and children's stories; Golf Digest, which delivers golf-related content via e-magazines, e-newsletters, social media, and its golfdigest.id website; and Harian Indonesia, a newspaper printed in Chinese. In the broadcast sector, Mahaka Media manages Republika Media Visual, which produces programs with an Islamic focus, alongside the television channel Jak TV. It also maintains a strong presence in radio, operating several commercial stations including JAK 101 FM, GEN 98.7 FM in Jakarta, GEN 103.1 FM in Surabaya, HOT 93.2 FM, Most Radio 105.8 FM, KIS 95.1 FM, and Mustang 88.0 FM. Beyond its content offerings, the company provides outdoor advertising services through Mahaka Advertising, brand activation solutions under the Alive Indonesia brand, and discount programs via CardPlus. Its digital presence is further reinforced by dedicated online portals such as Jak-tv.co.id, 98.7 GenFM.co.id, 101 JakFM.co.id, and Republika.co.id. Established in 1992 and headquartered in Jakarta, Indonesia, the company was formerly known as PT Abdi Bangsa Tbk, adopting the name PT Mahaka Media Tbk in May 2010. It functions as a subsidiary of PT Beyond Media.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers.