Asia300

PT Mitra Adiperkasa Tbk

Indonesia

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Aug 18, 2017
Prev close: 6,625
Aug 18, 2017
Market cap:
Market cap(USD):
10,997.5B
823.04M
Shares: 1,660M

Currency in IDR

Company profile

Market(Ticker): JKT(MAPI)
Sector:
Industry:
Retail Trade
Department Stores
Full time employees: 22,478

Business summary

PT Mitra Adiperkasa Tbk engages in the retail trading of clothing, shoes, accessories, bags, and sports equipment. It operates through the following segments: Retail Sales, Department Stores, Cafe and Restaurant, and Others. The Retail Sales segment refers to the trading of clothes and accessories; sports equipment and accessories; as well as toys and accessories. The Department Stores segment is the operation of department stores such as Sogo, Lotus, Debenhams, Seibu, Alun-alun Indonesia, Galeries Lafayette, and Foodhall. The Cafe and Restaurants is responsible for the management and operation of Chatter Box, Starbucks, Pizza Marzano, Pizza Express, Cold Stone Creamery, Krispy Kreme, Genki Sushi, and Jamba Juice. The Others segment refers to property, investments, book store, 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 2016

  • Local currency
  • US Dollar
Revenue 14,149.61B
Gross profit 6,249.82B
Operating income 866,000.74M
Income before tax 401,490.32M
Net income 208,475.79M
EBITDA 1,494.24B
Diluted EPS 126
Dividends per share 25
Total assets 10,750.88B
Total liabilities 7,547.37B
Total equity 3,203.49B
Operating cash flow 1,251.09B

Currency in IDR

Revenue 1,063.84M
Gross profit 469.89M
Operating income 65.11M
Income before tax 30.18M
Net income 15.67M
EBITDA 112.34M
Diluted EPS 0.00
Dividends per share 0.00
Total assets 797.98M
Total liabilities 560.20M
Total equity 237.78M
Operating cash flow 94.06M

Currency in USD

Valuation measures

Dec 2016

PER 42.85
ROA 2.05%
ROE 6.74%
Operating margin 6.12%
Profit margin 1.47%

Key executive

  • President Director: Herman Bernhard Mantiri
  • Group Chief Financial Officer: Susiana Latif
  • Head-Information Technology & E-Commerce: S. Ravi Kumar
  • Vice President Director: Virendra Prakash Sharma
  • Director & Head-Active Division: Michael David Capper

Share holders

  • PT Mitralestari Adiperkasa(56%)
  • PT Schroder Investment Management Indonesia(2.4%)
  • FIL Investment Management (Hong Kong) Ltd.(1.4%)
  • First State Investment Management (UK) Ltd.(1.4%)
  • City National Rochdale LLC(1.2%)
  • The Vanguard Group, Inc.(1.1%)
  • Dimensional Fund Advisors LP(1.0%)
  • Motley Fool Asset Management LLC(0.8%)
  • APG Asset Management NV(0.7%)
  • BlackRock Fund Advisors(0.7%)

Address

  • Website: http://www.map.co.id
  • Address: Sahid Sudirman Center, Jalan Jenderal Sudirman Kavling 86, Jakarta, 10220, Indonesia
  • Phone: +62.21.8064.8498

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