PT Midi Utama Indonesia Tbk (ISX:MIDI) Cyclically Adjusted FCF per Share: Rp19.82 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ISX:MIDI PT Midi Utama Indonesia Tbk ISX:MIDI
89 GF Score
Price Rp282.00
GF Value Rp467.87
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is PT Midi Utama Indonesia Tbk Cyclically Adjusted FCF per Share?

PT Midi Utama Indonesia Tbk ISX:MIDI -1.40% 89 Cyclically Adjusted FCF per Share is Rp19.82 as of Mar. 2026. GuruFocus rates ISX:MIDI with a GF Score™ of 89/100 and a GF Value™ of Rp467.87 (Significantly Undervalued). The stock has 1 warning sign investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

PT Midi Utama Indonesia Tbk's adjusted free cash flow per share for the three months ended in Mar. 2026 was Rp16.214. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is Rp19.82 for the trailing ten years ended in Mar. 2026.

During the past 12 months, PT Midi Utama Indonesia Tbk's average Cyclically Adjusted FCF Growth Rate was 7.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 7.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 12.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of PT Midi Utama Indonesia Tbk was 24.00% per year. The lowest was 7.00% per year. And the median was 13.55% per year.

As of today (2026-07-26), PT Midi Utama Indonesia Tbk's current stock price is Rp282.00. PT Midi Utama Indonesia Tbk's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was Rp19.82. PT Midi Utama Indonesia Tbk's Cyclically Adjusted Price-to-FCF of today is 14.23.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of PT Midi Utama Indonesia Tbk was 32.42. The lowest was 13.48. And the median was 18.86.


PT Midi Utama Indonesia Tbk  (ISX:MIDI) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

PT Midi Utama Indonesia Tbk's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=282.00/19.82
=14.23

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of PT Midi Utama Indonesia Tbk was 32.42. The lowest was 13.48. And the median was 18.86.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


PT Midi Utama Indonesia Tbk Cyclically Adjusted FCF per Share Related Terms


PT Midi Utama Indonesia Tbk Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for PT Midi Utama Indonesia Tbk's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

PT Midi Utama Indonesia Tbk Cyclically Adjusted FCF per Share Chart

PT Midi Utama Indonesia Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.76 14.88 15.44 16.74 18.24

PT Midi Utama Indonesia Tbk Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.49 18.49 18.10 18.24 19.82

ISX:MIDI vs KR, SFM: Cyclically Adjusted FCF per Share Comparison

For the Grocery Stores subindustry, PT Midi Utama Indonesia Tbk's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


PT Midi Utama Indonesia Tbk Cyclically Adjusted Price-to-FCF vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, PT Midi Utama Indonesia Tbk's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where PT Midi Utama Indonesia Tbk's Cyclically Adjusted Price-to-FCF falls into.


ISX:MIDI
89GF Score
PT Midi Utama Indonesia Tbk ISX:MIDI
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Midi Utama Indonesia Tbk Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, PT Midi Utama Indonesia Tbk's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=16.214/136.5387*136.5387
=16.214

Current CPI (Mar. 2026) = 136.5387.

PT Midi Utama Indonesia Tbk Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 1.729 103.212 2.287
201609 0.690 104.142 0.905
201612 -0.216 105.222 -0.280
201703 -2.971 106.476 -3.810
201706 6.857 107.722 8.691
201709 -1.277 108.020 -1.614
201712 8.026 109.017 10.052
201803 2.821 110.097 3.499
201806 8.044 111.085 9.887
201809 2.978 111.135 3.659
201812 8.267 112.430 10.040
201903 6.334 112.829 7.665
201906 9.767 114.730 11.624
201909 3.230 114.905 3.838
201912 12.533 115.486 14.818
202003 -1.127 116.252 -1.324
202006 -8.490 116.630 -9.939
202009 5.100 116.397 5.983
202012 11.386 117.318 13.251
202103 -0.154 117.840 -0.178
202106 6.919 118.184 7.994
202109 6.374 118.262 7.359
202112 4.108 119.516 4.693
202203 6.287 120.948 7.097
202206 7.981 123.322 8.836
202209 2.713 125.298 2.956
202212 9.346 126.098 10.120
202303 -1.071 126.953 -1.152
202306 10.876 127.663 11.632
202309 -2.169 128.151 -2.311
202312 5.836 129.395 6.158
202403 1.478 130.607 1.545
202406 6.081 130.792 6.348
202409 2.737 130.361 2.867
202412 2.781 131.432 2.889
202503 13.837 131.948 14.318
202506 -2.262 133.241 -2.318
202509 1.002 133.819 1.022
202512 2.837 135.271 2.864
202603 16.214 136.539 16.214

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

What does a Cyclically Adjusted FCF per Share of Rp19.82 mean?
PT Midi Utama Indonesia Tbk (ISX:MIDI) has a Cyclically Adjusted FCF per Share of Rp19.82 as of Mar. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on PT Midi Utama Indonesia Tbk and its competitors.
Is PT Midi Utama Indonesia Tbk's Cyclically Adjusted FCF per Share too high?
PT Midi Utama Indonesia Tbk's current Cyclically Adjusted FCF per Share is Rp19.82. Overall, PT Midi Utama Indonesia Tbk has a GF Score™ of 89/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Midi Utama Indonesia Tbk's Cyclically Adjusted FCF per Share compare to KR and SFM?
PT Midi Utama Indonesia Tbk's Cyclically Adjusted FCF per Share of Rp19.82 can be compared against companies in the Retail - Defensive industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted FCF per Share for a Retail - Defensive company?
A good Cyclically Adjusted FCF per Share depends on the Retail - Defensive industry context. However, Cyclically Adjusted FCF per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on PT Midi Utama Indonesia Tbk and its competitors. PT Midi Utama Indonesia Tbk's current Cyclically Adjusted FCF per Share is Rp19.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Midi Utama Indonesia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Midi Utama Indonesia Tbk (ISX:MIDI) is currently considered Significantly Undervalued. The stock's GF Value™ is Rp467.87, compared to a current price of Rp282.00 — trading 39.7% below its estimated fair value. The current Cyclically Adjusted FCF per Share is Rp19.82. PT Midi Utama Indonesia Tbk's overall GF Score™ is 89/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For PT Midi Utama Indonesia Tbk (ISX:MIDI), the current Cyclically Adjusted FCF per Share is Rp19.82 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is PT Midi Utama Indonesia Tbk (ISX:MIDI) Overvalued in 2026?

Based on GuruFocus' analysis, PT Midi Utama Indonesia Tbk stock appears to be undervalued. The current stock price of Rp282.00 is trading 39.7% below its estimated GF Value™ of Rp467.87. GuruFocus considers PT Midi Utama Indonesia Tbk to be Significantly Undervalued.

Key valuation signals for ISX:MIDI:

  • Cyclically Adjusted FCF per Share: Rp19.82
  • GF Value™: Rp467.87 vs. price of Rp282.00 (39.7% below fair value)
  • GF Score™: 89/100 with 1 warning sign

No single metric tells the full story. See the ISX:MIDI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PT Midi Utama Indonesia Tbk Business Description

Address Jalan Jalur Sutera Barat, Lantai 12, Kav. 7-9, Gedung Alfa Tower, Alam Sutera, Banten, Tangerang, IDN, 15143
PT Midi Utama Indonesia Tbk is engaged in retail trading for consumer products. It operates under the business segments of Food, Fresh Food, and Non-Food items through minimarkets networks under the Alfamidi and Alfaexpress names, convenience stores under the Lawson name, and supermarket network under the Alfamidi Super name. The company designs its segment based on the location of warehouses which are situated in Jabodetabek, Java - excluding Jabodetabek, and excluding Java. The company generates the majority of its revenue from Jabodetabek. Product-wise, it generates the majority of its revenue from the sale of Food.
89GF Score

Get the complete analysis for ISX:MIDI

Cyclically Adjusted FCF per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

Rp282.00
Price
Rp467.87
GF Value