Asia300

PT Mitra Adiperkasa Tbk

Indonesia

  • 1m
  • 3m
  • 6m
  • 1y
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Mar 23, 2017
Prev close: 5,800
Mar 23, 2017
Market cap:
Market cap(USD):
9,628B
722.57M
Shares: 1,660M

Currency in IDR

Company profile

Market(Ticker): JKT(MAPI)
Sector:
Industry:
Retail Trade
Department Stores
Full time employees: 22,446

Business summary

PT Mitra Adiperkasa Tbk is engaged in the retail trading of clothing, shoes, accessories, bags, and sports equipment. It operates through the following segments: Retail Sales, Department Stores, Café and Restaurant, and Others. The Retail Sales segment offers retail trades clothes, sports equipment, toys, and accessories. The Department Stores segment includes Sogo, Lotus, Debenhams, Seibu, Alun-Alun Indonesia, Foodhall, and Galeries Lafayette. The Café and Restaurant segment consists of Starbucks, Burger King, Domino's Pizza, Pizza Marzano, Krispy Kreme, Cold Stone Creamery Ice Cream, Paul Bakery and Resto, Genki Sushi, and Chatterbox. The Others segments focuses on property, investment, book stores, and handicraft trading activities. The company was founded on January 23, 1995 and is headquartered in Jakarta, Indonesia.

Company background

Mitra Adiperkasa is one of Indonesia's largest retail companies. Its franchise portfolio features more than 150 brands including Starbucks, Zara and Lacoste as well as department stores such as Debenhams and Seibu. The company had nearly 1,800 stores as of the end of 2013.

Mitra's vice president, Virendra Prakash Sharma, has been with the company since it started in 1995. He is known to be the key figure in building Mitra up from a few sports shops to a retail empire.

However, the company is now facing headwinds. In 2014, it cut back on expansion plans after its profit plunged due to a weakening rupiah, rising wages and intensifying competition. To revamp its poorly performing food and beverage business, it agreed with a Singapore-based investor, Everstone Capital, to sell a stake in its Burger King and Domino's Pizza franchises.

In the news

Financial highlights

Dec 2015

  • Local currency
  • US Dollar
Revenue 12,832.79B
Gross profit 5,203.82B
Operating income 502,114.42M
Income before tax 148,089.12M
Net income 37,333.92M
EBITDA 1,085.94B
Diluted EPS -5
Dividends per share 0
Total assets 9,561.23B
Total liabilities 6,586.32B
Total equity 2,974.89B
Operating cash flow 280,300.49M

Currency in IDR

Revenue 957.86M
Gross profit 388.42M
Operating income 37.47M
Income before tax 11.05M
Net income 2.78M
EBITDA 81.05M
Diluted EPS 0.00
Dividends per share 0
Total assets 693.59M
Total liabilities 477.78M
Total equity 215.80M
Operating cash flow 20.92M

Currency in USD

Valuation measures

Dec 2015

PER 165
ROA 0.40%
ROE 1.37%
Operating margin 3.91%
Profit margin 0.29%

Key executive

  • President Director: Herman Bernhard Mantiri
  • Group Chief Financial Officer & Director: Susiana Latif
  • Head-Information Technology & E-Commerce: S. Ravi Kumar
  • Vice President Director: Virendra Prakash Sharma
  • Independent Director: Johanes Ridwan

Share holders

  • PT Mitralestari Adiperkasa(56%)
  • PT Schroder Investment Management Indonesia(2.3%)
  • FIL Investment Management (Hong Kong) Ltd.(1.5%)
  • Coronation Asset Management (Pty) Ltd.(1.5%)
  • First State Investment Management (UK) Ltd.(1.4%)
  • City National Rochdale LLC(1.2%)
  • The Vanguard Group, Inc.(1.0%)
  • Dimensional Fund Advisors LP(1.0%)
  • Danske Capital Finland Ltd.(1.0%)
  • Motley Fool Asset Management LLC(0.9%)

Address

  • Website: http://www.map.co.id
  • Address: Sahid Sudirman Center, Jalan Jenderal Sudirman Kavling 86, Jakarta, 10220, Indonesia
  • Phone: +62.21.574.5808

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