Multi Spunindo Jaya Tbk. (MSJA.JK)

Multi Spunindo Jaya Tbk. (MSJA.JK) — VMCI valuation read

Multi Spunindo Jaya Tbk. sits at VMCI 50/100, with the Consumer Cyclical sector median at 50. That 1-point spread is the first thing to note on MSJA.JK: it tells the reader the composite is unfavorable before any single ratio is examined, and the mid-cap tier sets the comparison set.

Form 4 disclosures on MSJA.JK are blank for the trailing 30 days. With the insider channel offline, the EV/EBITDA delta, free-cash-flow trajectory, and the next earnings print do the talking.

**Investor frame.** The Value read on MSJA.JK: MSJA.JK trades at 26.0x earnings, 44% above the Consumer Cyclical median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 16.0% sits 6.0pp above the Consumer Cyclical median (10.0%). The Risk read: net debt to EBITDA of -0.5x leaves covenant headroom, anchoring the bear scenario on a measurable balance-sheet metric.

MSJA.JK fell 2.1% over the trailing 7 days, with a -10.3% read on a 30-day basis.