Added to YB: 2025-04-07
Pitch date: 2025-04-03
MLBI.JK [neutral]
PT Multi Bintang Indonesia Tbk
+4.83%
current return
Author Info
Asian Century Stocks is a former buy-side investor in Asia that now focuses on researching value stocks in Asia and sharing them in his newsletter. Sign up for the newsletter.
Company Info
PT Multi Bintang Indonesia Tbk operates as a beverage company in Indonesia and internationally. It offers beers under the Heineken, Bintang Pilsner, Bintang Crystal, Bintang Anggur Merah, and Bintang Radler brand names.
Market Cap
IDR 12.7T
Pitch Price
IDR 5.4K
Price Target
N/A
Dividend
9.73%
EV/EBITDA
6.86
P/E
11.12
EV/Sales
3.51
Sector
Beverages
Category
value
Portfolio Review March 2025: Key Holdings - Multi Bintang
MLBI.JK (holding update): Indonesian beer producer. FY24: Rev +1.9%, OP +2.2%, NP +7.1%. Q4 weak at +0.6%. Gross margin up to 61.9%. OCF +83% on better collections. P/E 11x, 9.7% div yield. Excise duty hike impacted H1. Flavored beer growing. Valuation puzzlingly low despite solid performance.
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