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Valuation: PT Multi Bintang Indonesia Tbk

Capitalization 11,483B 680M 590M 533M 509M 926M 62.74B 958M 6.34B 2.52B 29.98B 2.55B 2.5B 108B P/E ratio 2025 *
10.2x
P/E ratio 2026 * 9.46x
Enterprise value 10.59B 627K 544K 492K 469K 854K 57.86M 884K 5.85M 2.32M 27.64M 2.35M 2.3M 99.78M EV / Sales 2025 *
3x
EV / Sales 2026 * 2.75x
Free-Float
10.68%
Yield 2025 *
-
Yield 2026 * -
01-30 Nomura Adjusts Multi Bintang Indonesia's Price Target to IDR8,650 From IDR11,250, Keeps at Buy MT
01-26 PT Multi Bintang Indonesia Tbk agreed to acquire 99.90% stake in PT Karya Distilindo Sejahtera from Tri Susila, Jessica Laetitia, King Purbaya Suwangsa and I Made Tjandi Sugiharto for IDR 15 billion. CI
29/10/25 PT Multi Bintang Indonesia Tbk Reports Earnings Results for the Nine Months Ended September 30, 2025 CI
29/07/25 PT Multi Bintang Indonesia Tbk Reports Earnings Results for the Half Year Ended June 30, 2025 CI
28/04/25 PT Multi Bintang Indonesia Tbk Reports Earnings Results for the First Quarter Ended March 31, 2025 CI
06/03/25 PT Multi Bintang Indonesia Tbk Reports Earnings Results for the Full Year Ended December 31, 2024 CI
28/01/25 Nomura Adjusts Multi Bintang Indonesia's Price Target to 11,250 Rupiah From 10,600 Rupiah, Keeps at Buy MT
23/10/24 PT Multi Bintang Indonesia Tbk Reports Earnings Results for the Nine Months Ended September 30, 2024 CI
25/07/24 PT Multi Bintang Indonesia Tbk Reports Earnings Results for the Half Year Ended June 30, 2024 CI
25/04/24 PT Multi Bintang Indonesia Tbk Reports Earnings Results for the First Quarter Ended March 31, 2024 CI
25/04/24 Multi Bintang Indonesia Appoints Martijn Rene Van Keulen as Managing Director, Effective 1 July 2024 CI
26/03/24 PT Multi Bintang Indonesia Tbk Reports Earnings Results for the Full Year Ended December 31, 2023 CI
20/02/24 Nomura Adjusts Multi Bintang Indonesia's Price Target to IDR10,600 From IDR10,800, Keeps at Buy MT
1 day+1.87%
1 week-1.80%
Current month-3.11%
1 month-3.54%
3 months-3.54%
6 months-7.23%
Current year-3.96%
1 week 5,350
Extreme 5350
5,500
1 month 5,350
Extreme 5350
5,750
Current year 5,000
Extreme 5000
5,825
1 year 5,000
Extreme 5000
6,550
3 years 5,000
Extreme 5000
9,225
5 years 5,000
Extreme 5000
11,600
10 years 5,000
Extreme 5000
20,550
Manager TitleAgeSince
Chief Executive Officer 60 30/06/2024
Director of Finance/CFO 48 21/07/2022
Sales & Marketing 37 -
Director TitleAgeSince
Chairman 70 31/12/2018
Director/Board Member 56 19/04/2022
Director/Board Member 62 30/12/2023
Change 5d. change 1-year change 3-years change Capi.($)
+1.87%-1.80%-10.29%-40.76% 680M
-3.28%-9.51%+68.22%+11,539.45% 266B
+1.31%+0.44%+11.62%+13.88% 141B
-3.11%-2.22%+14.74%+10.66% 44.78B
+2.09%-0.81%-8.35%-25.96% 44.69B
-1.09%+0.69%-19.33%-30.04% 25.72B
+1.07%-2.15%-2.94%-17.90% 20.89B
+0.07%-3.99%-1.60%-12.83% 18.34B
+0.19%-2.91%-16.25%+0.23% 14.67B
+1.03%+0.50%+27.86%+25.55% 13.1B
Average +0.01%-2.48%+6.37%+1,146.23% 58.99B
Weighted average by Cap. -1.23%-4.76%+33.25%+5,208.30%

Financials

2025 *2026 *
Net sales 3,524B 209M 181M 164M 156M 284M 19.25B 294M 1.95B 773M 9.2B 783M 766M 33.21B 3,734B 221M 192M 173M 165M 301M 20.4B 312M 2.06B 819M 9.75B 829M 812M 35.19B
Net income 1,131B 66.93M 58.06M 52.5M 50.13M 91.17M 6.18B 94.37M 625M 248M 2.95B 251M 246M 10.66B 1,214B 71.84M 62.32M 56.35M 53.8M 97.87M 6.63B 101M 671M 266M 3.17B 270M 264M 11.44B
Net Debt -894B -52.91M -45.9M -41.5M -39.62M -72.07M -4.88B -74.59M -494M -196M -2.33B -199M -194M -8.42B -1,218B -72.08M -62.53M -56.54M -53.98M -98.19M -6.65B -102M -673M -267M -3.18B -270M -265M -11.48B
Logo PT Multi Bintang Indonesia Tbk
PT Multi Bintang Indonesia Tbk is an Indonesia-based beverage company. The Company operates in the beer and other beverage industries. It is engaged in business activities, including the production of beer and other beverages and other relevant products; marketing of products in local and international markets; and the import of promotional materials relevant to the products. Its brands include Heineken, Bintang Pilsner, Bintang Crystal, Bintang Radler Lemon, Bintang 0.0% Original, BINTANG Anggur Merah, Tiger Soju Flavored Lager, and Green Sands. Bintang 0.0% Original is the zero-alcohol beverage. BINTANG Anggur Merah is a BINTANG beer with the freshness of red grapes. Green Sands is a carbonated soft drink. Its products are distributed and marketed by the Company’s subsidiary, PT Multi Bintang Indonesia Niaga. The Company operates breweries in Tangerang, Banten and Sampangagung, Mojokerto, East Java, as well as a non-alcoholic beverage factory in Sampangagung.
Employees
424
Sector
Brewers
Date Price Change Volume
12/03/26 5,450.00 Rp +1.87% 121,100
11/03/26 5,350.00 Rp -2.28% 312,600
10/03/26 5,475.00 Rp +0.46% 458,400
09/03/26 5,450.00 Rp 0.00% 917,600
06/03/26 5,450.00 Rp -1.80% 182,300
Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
5,450.00IDR
Average target price
8,650.00IDR
Spread / Average Target
+58.72%

Annual profits - Rate of surprise

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