Risk factor
Very high price volatility
Profitability factor
Greatly undervalued vs peers
About
PT M Cash Integrasi Tbk functions as a diverse digital distribution enterprise headquartered in Indonesia. Its expansive portfolio covers a wide array of digital products and services, including online payment points, digital kiosks, and locker facilities. Core offerings include the MCAS App, designed for daily digital necessities, the DIGIRESTO food ordering platform, and a prepaid toll payment application. The company also delivers a unified payment system, cloud marketing and advertising solutions, cloud kitchen services, and an AWD e-commerce hub. Additionally, it operates innovative platforms such as GOWES for bike sharing and DIGISAHAM, a WhatsApp-based capital market information application, alongside its involvement in electric vehicles, audio-visual technology, and the Pedulilindungi COVID-19 tracking platform. Beyond its digital distribution backbone, PT M Cash Integrasi Tbk is active in creative sectors, undertaking comics publishing, movie and TV series production, merchandise licensing, and restaurant management. Its service capabilities further extend to supply chain management, transportation and logistics, Internet of Things (IoT), artificial intelligence (AI), media, entertainment, and financial investments. The company also provides digital cloud advertising, digital product aggregation, Software as a Service (SaaS), and clean energy solutions. Demonstrating a remarkably varied business scope, it participates in a vast spectrum of commercial and industrial ventures, encompassing trading, construction, diverse service industries, development, manufacturing, transportation, real estate, and professional technical domains, among many others. Established in 2010, the company is situated in South Jakarta, Indonesia.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. In particular, the stock is 'cheap' on EV/EBITDA.