MYOR:IDXPT Mayora Indah Tbk Analysis

Mayora’s shares are trading at IDR 1,730, well below the 30‑day DCF fair value of IDR 2,394, implying a potential upside of over 50 %. The price sits beneath the 20‑day SMA (IDR 1,794) and the 50‑day SMA (IDR 1,786), while the MACD line remains deeply negative (-11.39) against a flat signal line, signalling bearish momentum in the short run. However, the RSI at 44 suggests the stock is not yet oversold, and the neutral trend line indicates no decisive directional bias at present. Volume is on a decreasing trajectory, which may limit short‑term price swings, but the beta of 0.22 points to low systematic risk. On the fundamentals side, Mayora delivers a solid 3.48 % dividend yield with a modest 39 % payout ratio, strong operating cash flow (IDR 5.6 tn) and free cash flow (IDR 4.1 tn), and a healthy ROE of 17 %. The company’s PE of 12.4x and forward PE of 10.8x are attractive relative to its peers, while the price‑to‑book of 2.0x aligns with its asset base. The fear‑greed index sits at “Extreme Greed” (93.14), reflecting strong market appetite for risk‑on assets, which could further buoy demand for undervalued defensive stocks like Mayora.
Overall, the valuation gap, robust cash generation, and sustainable dividend make Mayora an appealing value play, though the current technical setup advises caution. Investors should monitor the support at IDR 1,605 and the resistance near IDR 1,990, while keeping an eye on volume trends and any macro‑economic shifts in Indonesia that could affect consumer spending.