Risk factor
Very high price volatility
Profitability factor
Low dividends
About
Operating as an Indonesian technology firm, PT Mitra Pedagang Indonesia Tbk (MPIX.JK) offers a spectrum of digital products, fast-moving consumer goods (FMCG), and digital financial services. The company's online platform, MPStore, enables the wholesale purchase and sale of various essentials, including basic groceries, instant noodles, kitchen spices, dairy items, and kitchen equipment, providing extensive digital services for both wholesale and retail traders. Complementing this, M-Pulsa serves as a transactional solution for individuals and merchants. MPIX.JK is also active in the distribution of prepaid cards and telecommunications hardware, engages in wireless telecommunication operations, and delivers services like voice calls, SMS, internet access, and public internet telephony. Established in 2019 with its headquarters in Bangkalan, Indonesia, the company operates as a subsidiary of PT Madura Prima Investama.
Company Valuation
Based on key historical and expected multiples, the stock is slightly overvalued relative to its peers. Specifically, the stock is 'expensive' on P/E, neutral on EV/EBITD