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Metrics | Range | Conclusion |
---|---|---|
Selected LTM P/E Multiple | 96.6x - 106.7x | 101.6x |
Selected Fwd P/E Multiple | 74.9x - 82.8x | 78.9x |
Fair Value | Rp3,338 - Rp3,689 | Rp3,513 |
Upside | -16.6% - -7.8% | -12.2% |
Benchmarks | - | Full Ticker |
PT Bank Aladin Syariah Tbk | - | IDX:BANK |
PT Allo Bank Indonesia Tbk | - | IDX:BBHI |
PT Bank Maspion Indonesia Tbk | - | IDX:BMAS |
PT Bank of India Indonesia Tbk | - | IDX:BSWD |
PT Bank Jago Tbk | - | IDX:ARTO |
PT Krom Bank Indonesia Tbk | - | IDX:BBSI |
- | - | - |
Select Price / LTM EPS Ratio | ||||||||
Benchmark Companies | ||||||||
BANK | BBHI | BMAS | BSWD | ARTO | BBSI | |||
IDX:BANK | IDX:BBHI | IDX:BMAS | IDX:BSWD | IDX:ARTO | IDX:BBSI | |||
Historical Net Income Growth | ||||||||
5Y CAGR | NM- | NM- | NM- | 20.5% | NM- | 41.0% | ||
3Y CAGR | NM- | 34.4% | NM- | NM- | 14.3% | 23.6% | ||
Latest Twelve Months | 101.8% | 5.1% | -490.8% | 61.3% | 118.2% | -6.4% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | -143.3% | 30.7% | 17.0% | -17.3% | -39.8% | 51.4% | ||
Prior Fiscal Year | -96.7% | 40.0% | 13.1% | 31.4% | 5.3% | 48.4% | ||
Latest Fiscal Year | -15.9% | 35.0% | -62.2% | 36.7% | 8.3% | 36.2% | ||
Latest Twelve Months | -15.9% | 35.0% | -62.2% | 36.7% | NA | 36.2% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | NA | NA | NA | NA | NA | NA | ||
Price / LTM Sales | 20.7x | 11.7x | 20.9x | 33.5x | 17.5x | 42.8x | ||
LTM P/E Ratio | 2971.2x | 33.3x | -33.7x | 91.1x | 209.2x | 118.5x | ||
Low | Mid | High | ||||||
Benchmark LTM P/E Ratio | -33.7x | 91.1x | 2971.2x | |||||
Historical LTM P/E Ratio | 91.8x | 120.3x | 237.5x | |||||
Selected P/E Multiple | 96.6x | 101.6x | 106.7x | |||||
(x) LTM Net Income | 124,060 | 124,060 | 124,060 | |||||
(=) Equity Value | 11,980,099 | 12,610,630 | 13,241,162 | |||||
(/) Shares Outstanding | 3,674.7 | 3,674.7 | 3,674.7 | |||||
Implied Value Range | 3,260.14 | 3,431.72 | 3,603.31 | |||||
FX Rate: IDR/IDR | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 3,260.14 | 3,431.72 | 3,603.31 | 4,000.00 | ||||
Upside / (Downside) | -18.5% | -14.2% | -9.9% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | BANK | BBHI | BMAS | BSWD | ARTO | BBSI | |
Value of Common Equity | 11,697,555 | 15,863,087 | 8,327,225 | 7,174,846 | 26,336,529 | 14,698,893 | |
(/) Shares Outstanding | 14,621.9 | 21,730.3 | 18,102.7 | 3,688.9 | 13,861.3 | 3,674.7 | |
Implied Stock Price | 800.00 | 730.00 | 460.00 | 1,945.00 | 1,900.00 | 4,000.00 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 800.00 | 730.00 | 460.00 | 1,945.00 | 1,900.00 | 4,000.00 | |
Trading Currency | IDR | IDR | IDR | IDR | IDR | IDR | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |