Risk factor
Very high price volatility
Profitability factor
Greatly overvalued vs peers
About
PT Maharaksa Biru Energi Tbk, an investment holding company founded in 2006 and based in Jakarta Selatan, Indonesia, operates across a diverse range of sectors, primarily focusing on construction and renewable energy within the country. The company provides critical environmental solutions such as water treatment, comprehensive waste management (including disposal, processing, and material recovery), and site remediation services. Additionally, it engages in the construction of both commercial buildings and civil infrastructure. Its broad scope of business also extends to wholesale trade, electricity supply (including the procurement of power, gas, steam/hot water, and air conditioning services), and a variety of other offerings including accommodation, food and beverages, real estate, general trading, mining and extraction, transportation and warehousing, forestry and fishery, as well as financial and insurance services. The company underwent a name change in October 2022, transitioning from its former identity as PT Protech Mitra Perkasa Tbk to its current name.
Company Valuation
Based on key historical and expected multiples, the stock is greatly overvalued relative to its peers. In particular, the stock is overvalued on P/FCF.