MAPA (MAP Aktif Adiperkasa Tbk PT) vs Jakarta Composite Index Comparison

MAPA

Jakarta Composite Index

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MAPA

Jakarta Composite Index

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MAPA

Jakarta Composite Index

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Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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Jakarta Composite Index

MAPA

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1Y 3Y 5Y 10Y 15Y 20Y

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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MAP Aktif Adiperkasa Tbk PT
Glance View

Market Cap

19.4T IDR

Industry

Retail

MAP Aktif Adiperkasa Tbk PT (MAA) stands as a dynamic player in Indonesia's vibrant retail landscape, carving out a niche by focusing on the athletic and leisure segment. A subsidiary of Mitra Adiperkasa, MAA specializes in the distribution and retail of international sports and lifestyle brands, becoming the go-to destination for sports enthusiasts and fashion-forward individuals alike. Its business model revolves around an extensive network of retail outlets featuring globally coveted brands such as Nike, Adidas, and Converse, effectively capturing the country's burgeoning middle class's appetite for quality and style. By aligning with well-established names, MAA has constructed a formidable brand portfolio, ensuring it taps into both the aspirational and practical consumer needs. Driving MAA's success is its strategic approach to omnichannel retailing, seamlessly integrating its physical stores with digital platforms to enhance the consumer experience. This hybrid model not only expands market reach but also maximizes convenience for its customers, who demand flexibility and instant access to products. MAA monetizes its operations through competitive pricing strategies and by capitalizing on Indonesia's growing digital penetration, leveraging e-commerce to propel sales. Furthermore, through continuous brand partnerships and an acute understanding of local market dynamics, MAA maintains a resilient position in a competitive industry, consistently adapting to evolving consumer trends and economic shifts.

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MAPA Intrinsic Value

Undervaluation 30%

Intrinsic Value

Price

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

MAPA

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Jakarta Composite Index

Stocks Performance
MAPA vs Jakarta Composite Index

Performance Gap
MAPA vs Jakarta Composite Index

Performance By Year
MAPA vs Jakarta Composite Index

Competitors Performance
MAP Aktif Adiperkasa Tbk PT vs Peers

MAP Aktif Adiperkasa Tbk PT
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MAPA vs J Jakarta Composite Index

Stocks Performance MAPA vs Jakarta Composite Index

Performance Gap MAPA vs Jakarta Composite Index

Performance By Year MAPA vs Jakarta Composite Index

Competitors Performance MAP Aktif Adiperkasa Tbk PT vs Peers

MAP Aktif Adiperkasa Tbk PT Glance View

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MAPA

vs

J
Jakarta Composite Index

Stocks Performance
MAPA vs Jakarta Composite Index

Performance Gap
MAPA vs Jakarta Composite Index

Performance By Year
MAPA vs Jakarta Composite Index

Competitors Performance
MAP Aktif Adiperkasa Tbk PT vs Peers

MAP Aktif Adiperkasa Tbk PT
Glance View