PT Multi Indocitra Tbk (ISX:MICE) Intrinsic Value: DCF (Dividends Based): Rp1,648.94 (As of Aug. 24, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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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:MICE PT Multi Indocitra Tbk ISX:MICE
87 GF Score
Price Rp525.00
GF Value Rp596.27
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is PT Multi Indocitra Tbk Intrinsic Value: DCF (Dividends Based)?

PT Multi Indocitra Tbk ISX:MICE -0.94% 87 Intrinsic Value: DCF (Dividends Based) is Rp1,648.94 as of Aug. 24, 2026. GuruFocus rates ISX:MICE with a GF Score™ of 87/100 and a GF Value™ of Rp596.27 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 237 Consumer Packaged Goods companies, PT Multi Indocitra Tbk ranks better than 94.94% on this metric.

As of today (2026-08-24), PT Multi Indocitra Tbk's intrinsic value calculated from the Discounted Dividend model is Rp1,648.94.

Note: Discounted Dividend model is only suitable for companies who have a consistant distribution history. If the company's dividends does not remain steady over a long period, results may not be accurate due to the low consistency. The model is also only suitable for predictable companies (Business Predictability Rank higher than 1-Star) with dividend payments. If the company's Predictability Rank is 1-Star or Not Rated, or if the company does not pay dividend, the data will not be stored into our database.

PT Multi Indocitra Tbk's Predictability Rank is 3-Stars.

Margin of Safety % (DCF Dividends Based) using Discounted Dividend Model for PT Multi Indocitra Tbk is 68.16%.

The historical rank and industry rank for PT Multi Indocitra Tbk's Intrinsic Value: DCF (Dividends Based) or its related term are showing as below:

ISX:MICE' s Price-to-DCF (Dividends Based) Range Over the Past 10 Years
Min: 0.3   Med: 0.51   Max: 0.61
Current: 0.32

During the past 13 years, the highest Price-to-Intrinsic-Value-DCF (Dividends Based) Ratio of PT Multi Indocitra Tbk was 0.61. The lowest was 0.30. And the median was 0.51.

ISX:MICE's Price-to-DCF (Dividends Based) is ranked better than
94.94% of 237 companies
in the Consumer Packaged Goods industry
Industry Median: 0.9 vs ISX:MICE: 0.32

PT Multi Indocitra Tbk  (ISX:MICE) Intrinsic Value: DCF (Dividends Based) Explanation

Unlike valuation methods such as Net Current Asset Value, Tangible Book per Share, Graham Number, Median PS Value etc, discounted Dividends model evaluates the companies based on their power of future dividend distribution instead of their assets.


Be Aware

What you need to know about Discounted Dividends model:

1. The Discounted Dividends model evaluates a company based on its future dividends distribution power
2. Dividend growth is taken into account; therefore a company with a higher dividend growth rate is worth more if everything else is the same.
3. Since we are projecting future growth, it is assumed that the company will grow at the same rate as it did during the past 10 years. Therefore this model works better for the companies with consistently steady dividends distributed.
4. The Discounted Dividends model works poorly for inconsistent dividends distributor like high growth companies.
5. Your expected return from the investment is a reasonable discount rate assumption.
6. A larger margin of safety should be required for companies with less dividends distributed.

You can screen for stocks that trade below their Intrinsic Value: DCF (FCF Based) and Intrinsic Value: DCF (Earnings Based) and Intrinsic Value: DCF (Dividends Based) with the GuruFocus All-in-One Screener. Companies with a high Predictability Rank that trade at a discount to their Intrinsic Value: DCF (FCF Based) and Intrinsic Value: DCF (Earnings Based) can be found in the screen of Undervalued Predictable Companies.


PT Multi Indocitra Tbk Intrinsic Value: DCF (Dividends Based) Related Terms


PT Multi Indocitra Tbk Intrinsic Value: DCF (Dividends Based) Historical Data

* Premium members only.

The historical data trend for PT Multi Indocitra Tbk's Intrinsic Value: DCF (Dividends Based) 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 Multi Indocitra Tbk Intrinsic Value: DCF (Dividends Based) Chart

PT Multi Indocitra Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: DCF (Dividends Based)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 842.88 1,699.65

PT Multi Indocitra Tbk Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Intrinsic Value: DCF (Dividends Based) 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 0.00 959.84 1,699.65 1,608.31 1,648.94

ISX:MICE vs PG, CL, KVUE: Intrinsic Value: DCF (Dividends Based) Comparison

For the Household & Personal Products subindustry, PT Multi Indocitra Tbk's Price-to-DCF (Dividends Based), along with its competitors' market caps and Price-to-DCF (Dividends Based) 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 Multi Indocitra Tbk Price-to-DCF (Dividends Based) vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Multi Indocitra Tbk's Price-to-DCF (Dividends Based) distribution charts can be found below:

* The bar in red indicates where PT Multi Indocitra Tbk's Price-to-DCF (Dividends Based) falls into.


ISX:MICE
87GF Score
PT Multi Indocitra Tbk ISX:MICE
Intrinsic Value: DCF (Dividends Based) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Multi Indocitra Tbk Intrinsic Value: DCF (Dividends Based) Calculation

This is the intrinsic value calculated from the Discounted Dividend Model with default parameters. The calculation method is the same as Discounted Cash Flow model except adjusted dividend are used in the calculation instead of free cash flow. This is the default method of calculation with GuruFocus DCF calculator.

Usually a two-stage model is used in calculating the intrinsic value with discounted cash flow model. The first stage is called growth stage; the second is called the terminal stage. In the growth stage the company grows at a faster rate. Because it cannot grow at that rate forever, a lower rate is used for the terminal stage.

GuruFocus DDM calculator is a two-stage model. The default values are defined as:

1. Discount Rate: d = 11%
A reasonable discount rate assumption should be at least the long term average return of the stock market, which can be estimated from risk free rate plus risk premium of stock market. GuruFocus uses 10-Year Treasury Constant Maturity Rate as the risk-free rate and rounded up to the nearest integer. It is updated daily. The current risk-free rate is 4.70%. Please go to Economic Indicators page for more information. Please note that we use the 10-Year Treasury Constant Maturity Rate of the country/region where the company is headquartered. If the data for that country/region is not available, then we will use the 10-Year Treasury Constant Maturity Rate of the United States as default. Then we added a risk premium of 6% to get the estimated discount rate. Some investors use their expected rate of return, which is also reasonable. A typical discount rate can be anywhere between 6% - 20%.

2. Dividend Growth Rate in the growth stage: g1 = 15.70%
The Growth Rate in the growth stage is initially set as the default 10-Year Dividend Growth Rate. In cases where the 10-year growth rate is unavailable, it defaults to using the 5-Year Dividend Growth Rate. If both the 10-year and 5-year growth rates are unavailable, the system defaults to the 3-Year Dividend Growth Rate.
However, it's important to note that there is a growth rate range. If the calculated growth rate exceeds 20%, it will be capped at 20%. Conversely, if the calculated growth rate falls below 5%, it will be adjusted to 5% to maintain a reasonable range.
=> PT Multi Indocitra Tbk's average Dividend Growth Rate in the past 5 years was 15.70%, which is between 5% and 20%. => GuruFocus defaults => Growth Rate: 15.70%

3. Years of Growth Stage: y1 = 10

4. Terminal Growth Rate: g2 = 4%

5. Dividends per Share: adjusted dividends per share = Rp70.4133.
GuruFocus uses adjusted dividends per share by default to ensure that the valuation reflects the total value of the company, as the actual dividend is only a portion of the total value.

All of the default settings can be changed in the DCF calculator and the results are calculated automatically.

PT Multi Indocitra Tbk's Intrinsic Value: DCF (Dividends Based) for today is calculated as:

Intrinsic Value: DCF (Dividends Based)=Dividends per Share*{[(1+g1)/(1+d)+(1+g1)^2/(1+d)^2+...+(1+g1)^10/(1+d)^10]
+(1+g1)^10/(1+d)^10*[(1+g2)/(1+d)+(1+g2)^2/(1+d)^2+...+(1+g2)^10/(1+d)^10]}

set x = (1+g1)/(1+d) = (1+0.157)/(1+0.11) = 1.0423423423423
and y = (1+g2)/(1+d) = (1+0.04)/(1+0.11) = 0.93693693693694

Intrinsic Value: DCF (Dividends Based)=Dividends per Share*{[x+x^2+...+x^10]+x^10*[y+y^2+...+y^10]}
=Dividends per Share*[x*(1-x^10)/(1-x)+x^10*y*(1-y^10)/(1-y)]
=70.4133*23.418
=1,648.94

Margin of Safety % (DCF Dividends Based) = (Intrinsic Value: DCF (Dividends Based)-Current Price) /Intrinsic Value: DCF (Dividends Based)
= (1648.94 - 525.00) / 1648.94
= 68.16 %

* 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.

What does a Intrinsic Value: DCF (Dividends Based) of Rp1,648.94 mean?
PT Multi Indocitra Tbk (ISX:MICE) has a Intrinsic Value: DCF (Dividends Based) of Rp1,648.94 as of Aug. 24, 2026. Intrinsic Value: DCF (Dividends Based) is the stock value based on a two-stage discounted dividend model. View historical data on PT Multi Indocitra Tbk and its competitors. According to the industry distribution chart, PT Multi Indocitra Tbk ranks #12 out of 237 companies in the Consumer Packaged Goods industry, placing it in the top 5.1%.
Is PT Multi Indocitra Tbk's Intrinsic Value: DCF (Dividends Based) too high?
PT Multi Indocitra Tbk's current Intrinsic Value: DCF (Dividends Based) is Rp1,648.94. Based on the distribution chart, PT Multi Indocitra Tbk ranks #12 out of 237 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, PT Multi Indocitra Tbk has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Multi Indocitra Tbk's Intrinsic Value: DCF (Dividends Based) compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, PT Multi Indocitra Tbk ranks #12 out of 237 companies for Intrinsic Value: DCF (Dividends Based). This places PT Multi Indocitra Tbk in the top 5% of its industry — outperforming the majority of peers. The industry median Intrinsic Value: DCF (Dividends Based) is 0.90. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: DCF (Dividends Based) for a Consumer Packaged Goods company?
The median Intrinsic Value: DCF (Dividends Based) among Consumer Packaged Goods companies is 0.90, based on 237 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: DCF (Dividends Based) significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: DCF (Dividends Based) 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 Intrinsic Value: DCF (Dividends Based) mean?
A high Intrinsic Value: DCF (Dividends Based) can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: DCF (Dividends Based) is the stock value based on a two-stage discounted dividend model. View historical data on PT Multi Indocitra Tbk and its competitors. For the Consumer Packaged Goods industry, the median Intrinsic Value: DCF (Dividends Based) is 0.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Multi Indocitra Tbk's current Intrinsic Value: DCF (Dividends Based) is Rp1,648.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Multi Indocitra Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Multi Indocitra Tbk (ISX:MICE) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp596.27, compared to a current price of Rp525.00 — trading 12% below its estimated fair value. The current Intrinsic Value: DCF (Dividends Based) is Rp1,648.94. PT Multi Indocitra Tbk's overall GF Score™ is 87/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: DCF (Dividends Based) calculated?
Intrinsic Value: DCF (Dividends Based) is calculated from a company's financial statements. For PT Multi Indocitra Tbk (ISX:MICE), the current Intrinsic Value: DCF (Dividends Based) is Rp1,648.94 as of Aug. 24, 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 Multi Indocitra Tbk (ISX:MICE) Overvalued in 2026?

Based on GuruFocus' analysis, PT Multi Indocitra Tbk stock appears to be undervalued. The current stock price of Rp525.00 is trading 12% below its estimated GF Value™ of Rp596.27. GuruFocus considers PT Multi Indocitra Tbk to be Modestly Undervalued.

Key valuation signals for ISX:MICE:

  • Intrinsic Value: DCF (Dividends Based): Rp1,648.94
  • GF Value™: Rp596.27 vs. price of Rp525.00 (12% below fair value)
  • GF Score™: 87/100 with 5 warning signs

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


PT Multi Indocitra Tbk Business Description

Address Jalan Gajah Mada No. 188, Green Central City, Commercial Area, 6th Floor, Jakarta Barat, Glodok, Taman Sari, Jakarta, IDN, 11120
PT Multi Indocitra Tbk is mainly engaged in general trading of commercial baby's products and health care and cosmetics products. The Company produces and distributes consumer goods of baby and health care products and cosmetics. The company's Business segments are Trading, Services, and Industry. The company generates majority of revenue from Trading segment. The company's brands are Pigeon Baby, Pigeon Teens, Kaila, Kaila Beaute, Feira White, Mattel Indonesia, Youvit, HORI, HOYA, Lansinoh, Amara, Poipoi, Granova, Bumil.
87GF Score

Get the complete analysis for ISX:MICE

Intrinsic Value: DCF (Dividends Based) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

Rp525.00
Price
Rp596.27
GF Value