PT Mayora Indah Tbk (ISX:MYOR) Intrinsic Value: DCF (FCF Based): Rp8,098.31 (As of Sep. 21, 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.
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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:MYOR PT Mayora Indah Tbk ISX:MYOR
76 GF Score
Price Rp1,505.00
GF Value Rp2,740.80
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is PT Mayora Indah Tbk Intrinsic Value: DCF (FCF Based)?

PT Mayora Indah Tbk ISX:MYOR -0.66% 76 Intrinsic Value: DCF (FCF Based) is Rp8,098.31 as of Sep. 21, 2026. GuruFocus rates ISX:MYOR with a GF Score™ of 76/100 and a GF Value™ of Rp2,740.80 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 217 Consumer Packaged Goods companies, PT Mayora Indah Tbk ranks better than 94.47% on this metric.

As of today (2026-09-21), PT Mayora Indah Tbk's intrinsic value calculated from the Discounted Cash Flow model is Rp8,098.31.

Note: Discounted Cash Flow model is only suitable for predictable companies (Business Predictability Rank higher than 1-Star). If the company's predictability rank is 1-Star or Not Rated, result may not be accurate due to the low predictability of business and the data will not be stored into our database.

PT Mayora Indah Tbk's Predictability Rank is 4.5-Stars.

Margin of Safety (FCF Based) using Discounted Cash Flow model for PT Mayora Indah Tbk is 81.42%.

The industry rank for PT Mayora Indah Tbk's Intrinsic Value: DCF (FCF Based) or its related term are showing as below:

ISX:MYOR's Price-to-DCF (FCF Based) is ranked better than
94.47% of 217 companies
in the Consumer Packaged Goods industry
Industry Median: 1.06 vs ISX:MYOR: 0.19

PT Mayora Indah Tbk  (ISX:MYOR) Intrinsic Value: DCF (FCF Based) Explanation

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


Be Aware

What you need to know about the DCF model:

1. The DCF model evaluates a company based on its future earnings power
2. Growth is taken into account; therefore a faster growth company 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 that have relatively consistent performance.
4. The DCF model works poorly for inconsistent performers such as cyclicals.
5. What discount rate should you use? Your expected return from the investment is a good discount rate assumption.
6. A larger margin of safety should be required for companies with less predictable businesses.

You can screen for stocks that trade below their Intrinsic Value: DCF (FCF Based) and Intrinsic Value: DCF (Earnings 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 Mayora Indah Tbk Intrinsic Value: DCF (FCF Based) Related Terms


PT Mayora Indah Tbk Intrinsic Value: DCF (FCF Based) Historical Data

* Premium members only.

The historical data trend for PT Mayora Indah Tbk's Intrinsic Value: DCF (FCF 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 Mayora Indah Tbk Intrinsic Value: DCF (FCF Based) Chart

PT Mayora Indah Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: DCF (FCF Based)
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PT Mayora Indah 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 (FCF 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 - - - - -

ISX:MYOR vs KHC, GIS: Intrinsic Value: DCF (FCF Based) Comparison

For the Packaged Foods subindustry, PT Mayora Indah Tbk's Price-to-DCF (FCF Based), along with its competitors' market caps and Price-to-DCF (FCF 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 Mayora Indah Tbk Price-to-DCF (FCF Based) vs Consumer Packaged Goods Industry

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

* The bar in red indicates where PT Mayora Indah Tbk's Price-to-DCF (FCF Based) falls into.


ISX:MYOR
76GF Score
PT Mayora Indah Tbk ISX:MYOR
Intrinsic Value: DCF (FCF Based) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Mayora Indah Tbk Intrinsic Value: DCF (FCF Based) Calculation

This is the intrinsic value calculated from the Discounted Cash Flow model with default parameters. In a discounted cash flow model, the future cash flow is estimated based on a cash flow growth rate and a discount rate. The cash flow of the future is discounted to its current value at the discount rate. All of the discounted future cash flow is added together to get the current intrinsic value of the company.

Usually a two-stage model is used when calculating a stock's intrinsic value using a discounted cash flow model. The first stage is called the 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 DCF 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 4.95%. 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. Growth Rate in the growth stage: g1 = 20%
The Growth Rate in the growth stage is initially set as the default 10-Year FCF Growth Rate (Per Share). In cases where the 10-year growth rate is unavailable, it defaults to using the 5-Year FCF Growth Rate (Per Share). If both the 10-year and 5-year growth rates are unavailable, the system defaults to the 3-Year FCF Growth Rate (Per Share).
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 Mayora Indah Tbk's average Free Cash Flow Growth Rate in the past 3 years was 178.40%, which is no less than 20%. GuruFocus defaults => Growth Rate: 20%

3. Years of Growth Stage: y1 = 10

4. Terminal Growth Rate: g2 = 4%

5. Years of Terminal Growth: y2 = 10

6. Free Cash Flow per Share: fcf = Rp259.145.
However, GuruFocus DCF calculator is actually a Discounted Earnings calculator, the EPS without NRI is used as the default. The reason we are doing this is we found that historically stock prices are more correlated with earnings than free cash flow.

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

PT Mayora Indah Tbk's Intrinsic Value: DCF (FCF Based) for today is calculated as

Intrinsic Value: DCF (FCF Based)=Free Cash Flow 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+0.2)/(1+0.11) = 1.0810810810811
and y = (1+g2)/(1+d) = (1+0.04)/(1+0.11) = 0.93693693693694

Intrinsic Value: DCF (FCF Based)=Free Cash Flow per Share*{[x+x^2+...+x^10]+x^10*[y+y^2+...+y^10]}
=Free Cash Flow per Share*[x*(1-x^10)/(1-x)+x^10*y*(1-y^10)/(1-y)]
=259.145*31.2501
=8,098.31

Margin of Safety (FCF Based)=(Intrinsic Value: DCF (FCF Based)-Current Price)/Intrinsic Value: DCF (FCF Based)
=(8098.31-1505.00)/8098.31
=81.42 %

* 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 (FCF Based) of Rp8,098.31 mean?
PT Mayora Indah Tbk (ISX:MYOR) has a Intrinsic Value: DCF (FCF Based) of Rp8,098.31 as of Sep. 21, 2026. Intrinsic Value: DCF (FCF Based) is the stock value based on a two-stage discounted free cash flow model. View historical data on PT Mayora Indah Tbk and its competitors. According to the industry distribution chart, PT Mayora Indah Tbk ranks #12 out of 217 companies in the Consumer Packaged Goods industry, placing it in the top 5.5%.
Is PT Mayora Indah Tbk's Intrinsic Value: DCF (FCF Based) too high?
PT Mayora Indah Tbk's current Intrinsic Value: DCF (FCF Based) is Rp8,098.31. Based on the distribution chart, PT Mayora Indah Tbk ranks #12 out of 217 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, PT Mayora Indah Tbk has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Mayora Indah Tbk's Intrinsic Value: DCF (FCF Based) compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, PT Mayora Indah Tbk ranks #12 out of 217 companies for Intrinsic Value: DCF (FCF Based). This places PT Mayora Indah Tbk in the top 6% of its industry — outperforming the majority of peers. The industry median Intrinsic Value: DCF (FCF Based) is 1.06. 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 (FCF Based) for a Consumer Packaged Goods company?
The median Intrinsic Value: DCF (FCF Based) among Consumer Packaged Goods companies is 1.06, based on 217 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: DCF (FCF Based) significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: DCF (FCF 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 (FCF Based) mean?
A high Intrinsic Value: DCF (FCF Based) can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: DCF (FCF Based) is the stock value based on a two-stage discounted free cash flow model. View historical data on PT Mayora Indah Tbk and its competitors. For the Consumer Packaged Goods industry, the median Intrinsic Value: DCF (FCF Based) is 1.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Mayora Indah Tbk's current Intrinsic Value: DCF (FCF Based) is Rp8,098.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Mayora Indah Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Mayora Indah Tbk (ISX:MYOR) is currently considered Significantly Undervalued. The stock's GF Value™ is Rp2,740.80, compared to a current price of Rp1,505.00 — trading 45.1% below its estimated fair value. The current Intrinsic Value: DCF (FCF Based) is Rp8,098.31. PT Mayora Indah Tbk's overall GF Score™ is 76/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: DCF (FCF Based) calculated?
Intrinsic Value: DCF (FCF Based) is calculated from a company's financial statements. For PT Mayora Indah Tbk (ISX:MYOR), the current Intrinsic Value: DCF (FCF Based) is Rp8,098.31 as of Sep. 21, 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 Mayora Indah Tbk (ISX:MYOR) Overvalued in 2026?

Based on GuruFocus' analysis, PT Mayora Indah Tbk stock appears to be undervalued. The current stock price of Rp1,505.00 is trading 45.1% below its estimated GF Value™ of Rp2,740.80. GuruFocus considers PT Mayora Indah Tbk to be Significantly Undervalued.

Key valuation signals for ISX:MYOR:

  • Intrinsic Value: DCF (FCF Based): Rp8,098.31
  • GF Value™: Rp2,740.80 vs. price of Rp1,505.00 (45.1% below fair value)
  • GF Score™: 76/100 with 3 warning signs

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


PT Mayora Indah Tbk Business Description

Other Exchanges D7V:Germany
Address Jl. Tomang Raya 21-23, Gedung Mayora lantai 8, Jakarta Barat, Jakarta, IDN, 11440
PT Mayora Indah Tbk makes biscuits, candy, wafers, chocolate, coffee, instant food, cereal, and beverages. The brands of the company include Kopiko, Roma, Energen, Torabika, and Beng Beng. The Company has two operating segments, namely the packaged processed food segment and the packaged processed beverage segment. The Firm generates the majority of its revenue from packaged food processing. Geographical segments of the company include Indonesia, Asia, and others. Food processing, coffee powder processing, instant coffee production, and coffee bean processing are all located in Jabodetabek.
76GF Score

Get the complete analysis for ISX:MYOR

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

Rp1,505.00
Price
Rp2,740.80
GF Value