Risk factor
Very high price volatility
Profitability factor
Very strong margins and returns
About
PT Multipolar Technology Tbk, an Indonesian company, specializes in delivering a comprehensive array of information technology services and solutions. Its core offerings encompass strategic IT consulting, including digital transformation planning, IT operational governance, independent validation and verification, program management office (PMO) setup and support, data center consulting, and data governance. The company also enhances customer experience through platforms and services such as e-channels, mobile solutions, communication and collaboration tools, and business process outsourcing. Additionally, it supports branch-specific IT needs and provides digital insights solutions powered by big data analytics, business performance intelligence, and artificial intelligence. The firm's extensive portfolio also includes various managed solutions tailored for banking, enterprise resource planning (ERP), smart office environments, enterprise project management, and field operations. It provides dedicated IT services for merchants, comprehensive IT operations and application management, IT service management (ITSM), and specialized healthcare solutions. Technologically, PT Multipolar Technology offers expertise in blockchain, Internet of Things (IoT), operating system virtualization, database platforms, service-oriented architecture (SOA), container management, application development platforms, and API management. To support these services, the company delivers robust information and communication technology (ICT) infrastructure, including co-location, managed data center services, cloud solutions, and disaster recovery as a service (DRaaS). Security is a key focus, with advanced security solutions and managed security service provider (MSSP)/security operation center (SOC) capabilities. PT Multipolar Technology caters to a diverse clientele across various sectors, including finance, education, government, healthcare, manufacturing, oil and gas, and retail. Founded in 1975 and based in Jakarta, Indonesia, the company operates as a subsidiary of PT Multipolar Tbk.
Company Valuation
Based on key historical and expected multiples, the stock is greatly overvalued relative to its peers. In particular, the stock is overpriced on P/E, 'expensive' on EV/EB