Obermatt

Matahari Department Store

JKT:LPPF · ID1000113301
Multiline RetailMedium

360

83
EV / EBIT94
Price / Owner Earnings72
Owner Earnings Yield96
Dividend Yield99
Price/Sales84
EV / Gross Profit93
Price/Book37
Return on Capital100
Cash Return on Capital100
Return on Equity98
EBIT Margin95
Gross Profitability76
Cash Conversion31
Accruals69
Owner Earnings Margin88
Sales growth5
Profit Growth8
Long-Term EPS Growth14
Owner Earnings Growth36
Reinvestment19
Price momentum33
Debt load11
Refinancing1
Debt Payback100
Liquidity56
Analyst ratings1
Opinion Changes50
Price Target Upside63
Market mood1
Value Creation10/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Matahari Department Store clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryIndonesia
IndustryMultiline Retail
SizeMedium
TypePublic Company
ExchangeIDX
Employees2,574
ISINID1000113301
Last UpdateApr 2, 2026
Themes
Brand MarketingLifestyleFast-Moving Consumer GoodsRetail

Description

PT MDS Retailing Tbk provides department store services. Business Segments The company operates through business segments: fashion and apparel, home goods, electronics, beauty and personal care and grocery items. Fashion and Apparel This segment…

Analysis

Hidden champion

PT MDS Retailing Tbk fits the profile of a hidden champion, yet the market has not awarded it the premium its quality earns. Worth noting: the cash the business generates has lagged behind what the income statement shows.

On valuation, the picture is attractive. The owner-earnings multiple stands at 3.7×; owner earnings: the cash an owner could take out each year.

Growth is tepid; the safety picture is adequate. The company scores 10/20 on our value-creation score: creating some value. Analyst sentiment is cautious.

Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
10
2023202420252026

All-time high

77

Jan 2023

All-time low

10

Jun 2026

Average rank

25

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
84
89
85
71
Price/Earnings
93
97
97
76
Price/Book
37
4
19
13
Dividend Yield
99
100
99
99
Value (overall)
96
90
87
79

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →