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MAP Indonesia Valuation Multiples

Discover revenue and EBITDA valuation multiples for MAP Indonesia and similar public comparables like GS Retail, Othaim Markets, Seria, Puuilo and more.

MAP Indonesia Overview

About MAP Indonesia

PT Mitra Adiperkasa Tbk is a departmental store operator in Indonesia. Its portfolio of services comprises sports equipment, fashion, food and beverages, and lifestyle stores managed by over 100 brands like Zara, Lacoste, Adidas, Nike, Starbucks, Domino's Pizza, Galeries, Lafayette, and more. It operates in the following segments: Retail sales; Department stores; Cafe & restaurant; and Others. The majority of its revenue is derived from the Retail sales segment. Its geographical segments include Indonesia, Vietnam, the Philippines, Thailand, and Others.


Founded

1995

HQ

Indonesia

Employees

30.7K

Website

map.co.id

Financials (LTM)

Revenue: $3B
EBITDA: $346M

EV

$1B

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MAP Indonesia Financials

MAP Indonesia reported last 12-month revenue of $3B and EBITDA of $346M.

In the same LTM period, MAP Indonesia generated $1B in gross profit, $346M in EBITDA, and $131M in net income.

Revenue (LTM)


MAP Indonesia P&L

In the most recent fiscal year, MAP Indonesia reported revenue of $3B and EBITDA of $410M.

MAP Indonesia is profitable as of last fiscal year, with gross margin of 39%, EBITDA margin of 16%, and net margin of 5%.

See analyst estimates for MAP Indonesia
LTMLast FY202320242025202620272028
Revenue$3B$3B$2B$2B$3B
Gross Profit$1B$1B$845M$904M$1B
Gross Margin42%39%41%40%39%
EBITDA$346M$410M$348M$355M$410M
EBITDA Margin14%16%17%16%16%
EBIT Margin9%9%10%9%9%
Net Profit$131M$128M$106M$99M$125M
Net Margin5%5%5%4%5%

Financial data powered by Morningstar, Inc.

MAP Indonesia Stock Performance

MAP Indonesia has current market cap of $1B, and enterprise value of $1B.

Market Cap Evolution


MAP Indonesia's stock price is $0.08.

MAP Indonesia share price decreased by 0.9% in the last 30 days, and increased by 19.6% in the last year.

MAP Indonesia has an EPS (earnings per share) of $0.01.

See more trading valuation data for MAP Indonesia
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$1B$1B-0.9%-0.9%18.3%19.6%$0.01

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MAP Indonesia Valuation Multiples

MAP Indonesia trades at 0.6x EV/Revenue multiple, and 4.3x EV/EBITDA.

See NTM and 2027E valuation multiples for MAP Indonesia

EV / Revenue (LTM)


MAP Indonesia Financial Valuation Multiples

As of June 4, 2026, MAP Indonesia has market cap of $1B and EV of $1B.

MAP Indonesia has a P/E ratio of 10.5x.

LTMLast FY202320242025202620272028
EV/Revenue0.6x0.6x0.7x0.6x0.6x
EV/EBITDA4.3x3.6x4.2x4.2x3.6x
EV/EBIT6.3x6.2x7.0x7.1x6.2x
EV/Gross Profit1.4x1.5x1.7x1.6x1.5x
P/E10.5x10.8x13.0x13.9x11.0x
EV/FCF23.5x6.6x174.9x7.0x6.6x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified MAP Indonesia Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.

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MAP Indonesia Margins & Growth Rates

MAP Indonesia grew revenue by 1% but EBITDA decreased by 13% in the last fiscal year.

In the most recent fiscal year, MAP Indonesia reported gross margin of 39%, EBITDA margin of 16%, and net margin of 5%.

See estimated margins and future growth rates for MAP Indonesia

MAP Indonesia Margins

Last FY202420252026202720282029
Gross Margin39%40%39%43%
EBITDA Margin16%16%16%14%
EBIT Margin9%9%9%9%
Net Margin5%4%5%5%
FCF Margin9%9%9%3%

MAP Indonesia Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth1%12%13%1%
Gross Profit Growth12%7%11%12%
EBITDA Growth(13%)2%15%(13%)
EBIT Growth3%(2%)14%3%
Net Profit Growth6%(7%)26%8%
FCF Growth(66%)2394%7%(66%)

Data powered by FactSet, Inc. and Morningstar, Inc.

MAP Indonesia Operational KPIs

MAP Indonesia's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.0M for the same period.

MAP Indonesia's Rule of 40 is 15% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

MAP Indonesia's Rule of X is 16% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Access forward-looking KPIs for MAP Indonesia
LTMLast FY202320242025202620272028
Rule of 4020%15%---
Bessemer Rule of X29%16%---
Revenue per Employee-$0.1M---
Opex per Employee-$0.0M---
S&M Expenses to Revenue28%27%7%7%7%
G&A Expenses to Revenue5%5%1%1%1%
Opex to Revenue-30%31%30%30%

Data powered by FactSet, Inc. and Morningstar, Inc.

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MAP Indonesia Competitors

MAP Indonesia competitors include GS Retail, Othaim Markets, Seria, Puuilo, Rusta, Label Vie, BGF Retail, Éxito, Bin Dawood and E-MART.

Most MAP Indonesia public comparables operate across Department Stores.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
GS Retail0.3x0.3x4.4x4.5x
Othaim Markets0.7x0.7x8.7x10.8x
Seria0.8x0.7x9.0x7.1x
Puuilo2.8x2.7x12.7x12.2x
Rusta1.6x1.5x10.3x9.4x
Label Vie0.7x0.7x9.0x8.7x
BGF Retail0.2x0.2x2.0x2.2x
Éxito0.4x0.4x4.2x4.2x

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MAP Indonesia VC Funding History

Before going public, MAP Indonesia raised $81M in total equity funding, across 1 round.


MAP Indonesia Funding Rounds

DateStageRaised FromRaisedValuationRev. MultipleDeal Summary
Nov-16Undisclosed stageGeneral Atlantic$81M-PT MAP Boga Adiperkasa (MBA), a subsidiary of Indonesia-based lifestyle retailer Mitra Adiperkasa (MAP), operates food and beverage outlets across Indonesia, including brands like Starbucks, Pizza Marzano, Krispy Kreme, Cold Stone Creamery, Godiva, Genki Sushi, and Paul Bakery. In 2016, General Atlantic invested approximately US$80 million (IDR1.08 trillion) by subscribing to zero-coupon bonds issued by MAP, convertible into shares in MBA. This marked General Atlantic's entry into the Indonesian market and its second investment there after this deal. The investment was structured as convertible bonds rather than a traditional equity round, with part of the proceeds allocated to MBA's network expansion, as the subsidiary operated over 300 stores in 24 cities at the time. The transaction supported MAP's restructuring of its food and beverage business. MBA focuses on exclusive food and beverage brands in the consumer sector within Southeast Asia. General Atlantic described it as a leading retailer in this space.

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About MAP Indonesia

When was MAP Indonesia founded?MAP Indonesia was founded in 1995.
Where is MAP Indonesia headquartered?MAP Indonesia is headquartered in Indonesia.
How many employees does MAP Indonesia have?As of today, MAP Indonesia has over 30K employees.
Is MAP Indonesia publicly listed?Yes, MAP Indonesia is a public company listed on Indonesia Stock Exchange.
What is the stock symbol of MAP Indonesia?MAP Indonesia trades under MAPI ticker.
When did MAP Indonesia go public?MAP Indonesia went public in 2004.
Who are competitors of MAP Indonesia?MAP Indonesia main competitors include GS Retail, Othaim Markets, Seria, Puuilo, Rusta, Label Vie, BGF Retail, Éxito, Bin Dawood, E-MART.
What is the current market cap of MAP Indonesia?MAP Indonesia's current market cap is $1B.
What is the current revenue of MAP Indonesia?MAP Indonesia's last 12 months revenue is $3B.
What is the current revenue growth of MAP Indonesia?MAP Indonesia revenue growth (NTM/LTM) is 6%.
What is the current EV/Revenue multiple of MAP Indonesia?Current revenue multiple of MAP Indonesia is 0.6x.
What is the current EBITDA of MAP Indonesia?MAP Indonesia's last 12 months EBITDA is $346M.
What is MAP Indonesia's EBITDA margin?MAP Indonesia's last 12 months EBITDA margin is 14%.
What is the current EV/EBITDA multiple of MAP Indonesia?Current EBITDA multiple of MAP Indonesia is 4.3x.
What is the current FCF of MAP Indonesia?MAP Indonesia's last 12 months FCF is $63M.
What is MAP Indonesia's FCF margin?MAP Indonesia's last 12 months FCF margin is 2%.
What is the current EV/FCF multiple of MAP Indonesia?Current FCF multiple of MAP Indonesia is 23.5x.
How many companies MAP Indonesia has acquired to date?MAP Indonesia hasn't acquired any companies yet (or none have been disclosed publicly).
In how many companies MAP Indonesia has invested to date?MAP Indonesia hasn't invested in any companies yet (or none have been disclosed publicly).

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