Risk factor
Very high price volatility
Profitability factor
Undervalued vs peers
About
Headquartered in Jakarta Pusat, Indonesia, PT MNC Vision Networks Tbk, a subsidiary of PT. Global Mediacom Tbk, offers an extensive portfolio of media and telecommunications services throughout the country. Established in 1989, the company adopted its current name in February 2018, having previously operated as PT. Sky Vision Networs. Its core activities encompass program retransmission, television advertising, and a variety of high-speed internet solutions, including broadband, fiber optic, and internet protocol television (IPTV). Additionally, PT MNC Vision Networks Tbk functions as a local cable operator and provides direct-to-home (DTH) pay television services, available in both post-paid and prepaid formats. The company also engages in content creation and operates Vision+, its proprietary over-the-top (OTT) video streaming platform.
Company Valuation
Based on key historical and expected multiples, the stock is undervalued relative to its peers. Specifically, the stock is neutral on EV/EBITDA, underpriced on P/FC.