Matahari Putra Prima
PT Matahari Putra Prima Tbk is an Indonesia-based company that is primarily engaged in sales of fast-moving consumer goods (FMCG) such as daily needs, stationery, books, clothes, accessories, bags, shoes, cosmetics and electrical equipment through hypermarkets (Hypermart) and supermarkets. It also has other businesses, such as health and beauty centers, international bookstores, restaurant services, FMCG logistics and distribution, and operates family entertainment centers known as Time Zone. The company has a strategic alliance with its international partner in owning and managing Indonesia's leading department store chain: Matahari Department Store.
Profile
| Industry Sector | Trade, Services & Investment |
| Industry Sub Sector | Retail Trade |
| Established | 11 March 1986 |
| Listed | 21 December 1992 |
| Listed Company Code | MPPA |
| Listed Shares | 5,576,546,800 |
| Dividend | Yes |
| Major Shareholders (>5%) | Multipolar (50.23%) Prime Star Investment Pte Ltd (26.10%) Star Pacific (6.29%) |
| Key Subsidiaries | – |
Stock Quote Matahari Putra Prima - MPPA:
Business Summary
Matahari Putra Prima is engaged in Indonesia's retail business through its Matahari Food Division. This division operates several retail chains, including Hypermart, Foodmart and Boston Health and Beauty. The company is the leading modern retailer in Southeast Asia's largest economy owning more than 267 stores, all across Indonesia, as of 2015. It operates Hypermart, the country's largest hypermarket chain, with 107 outlets. It has 58 foodmart stores and 102 Boston Health and Beauty stores.
In 2015, Matahari Putra Prima held a 36 percent market share in Indonesia's modern trade market industry.
Matahari Putra Prima's Operational Highlights:
| 2012 | 2013 | 2014 | |
| Total Number of Stores | 187 | 222 | 267 |
| Hypermart | 80 | 99 | 107 |
| Foodmart | 29 | 29 | 58 |
| Boston & Health Beauty | 78 | 94 | 102 |
in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
Source: Matahari Putra Prima, Annual Report 2014
Strengths & Opportunities:
• Well-established brand, ample experience and proven track-record as modern retailer
• Rapid store expansion and developing new formats
• Efficient logistics platform
• Low debt burden
• Ample room for growth, particularly outside Java
• Indonesia's rapidly expanding middle class causes larger customer base
Weakness & Threats:
• Limited amount of private label products
• Increasingly tougher competition
Matahari Putra Prima's Financial Highlights:
| 2010 | 2011 | 2012 | 2013 | 2014 | 2015F | 2016F | |
| Net Sales | 8,545 | 8,909 | 10,868 | 11,913 | 13,590 | 15,358 | 17,354 |
| Gross Profit | 1,867 | 1,558 | 1,897 | 1,889 | 2,354 | 2,672 | 3,016 |
| Profit before Tax | 268 | 585 | 731 | 769 | 864 | ||
| Net Income | 5,800 | 105 | 220 | 445 | 554 | 577 | 648 |
| Total Assets | 11,421 | 10,308 | 8,225 | 6,580 | 5,827 | 7,201 | 8,227 |
| Total Liabilities | 4,227 | 4,625 | 4,379 | 3,285 | 2,978 | 3,776 | 4,153 |
| Earnings per Share¹ | 1,122 | 20 | 41 | 83 | 103 | 107 | 127 |
| Dividend per Share¹ | 6 | 186 | 186 | ||||
| P/E Ratio (x) | 25.8 | 25.6 | 29.6 | 24 | 21.3 | ||
| PBV (x) | 1.6 | 3.5 | 5.8 | 4.0 | 3.4 |
in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
Source: Matahari Putra Prima, Annual Report 2014 & Pefindo
Stock Performance Matahari Putra Prima (MPPA) versus Jakarta Composite Index (JKSE):*
* normalized stocks, 1 January 2015 = 100
Location
Contact Details
Menara Matahari, Lippo Life 20th Floor
Boulevard Palem Raya 7, Karawaci
Tangerang
Phone: +62 21 547 5746
Fax: +62 21 547 5673
Email: [email protected]
www.matahari.co.id