PT Bank Negara Indonesia (Persero) Tbk

BBNI

+0.96%

Overview

BBNI Overview

PT Bank Negara Indonesia (Persero) Tbk is engaged in the banking sector. Its segments include Wholesale & International Banking, Institutional Banking, Enterprises & Commercial Banking, Retail Banking, and Treasury. Wholesale & International Banking segment includes loans, customer deposits and other transactions belonging to corporate customers, both BUMN and private business entities. Institutional Banking segment includes loans, customer deposits and other transactions belonging to customers of ministries, government institutions, foundations, and universities. Enterprises & Commercial Banking segment includes loans, customer deposits and other transactions belonging to customers of middle/commercial. Retail Banking segment includes loans, customer deposits and other transactions belonging to consumer customers, including credit programs and consumer financing loans. Treasury segment includes foreign exchange transactions, money market, fixed income, and the capital markets.

2468101214ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: BBNI

Main
Market Cap.
IDR 195.39Trillion
#10 in Indonesia

~$12.21B USD

Industry
Banks
Sub-Industry
Banks
Sector
Financials
Sub-Sector

Valuation

BBNI Valuation Metrics

5,250

IDR
+1.0%

Closing Price on 2024-04-17

Price to Equity

9.34

P/E

At 9.34x P/E TTM, BBNI.JK is trading at a discount to its peers in the Banks sector.

Price to Book

1.30

P/B

At 1.30x P/B TTM, BBNI.JK is trading at a premium to its peers in the Banks sector (avg 0.8x).

Price to Sales

3.18

P/S

At 3.18x P/S TTM, BBNI.JK is trading in line with its peers in the Banks sector.

Valuing PT Bank Negara Indonesia (Persero) Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Banks sector

Historical Price to Earnings

Other Valuation Metrics

Valuing PT Bank Negara Indonesia (Persero) Tbk relative to other stocks in the Banks sector

Price/Cash Flow
5.32x
Price/Forward Earnings
7.37x
PEG Ratio
0.81x

Analyst Ratings

40
60
80
0
100

82.5

Undervalued

Fairly Valued

Overvalued

Last closing: IDR5,2502024-04-17
IDR 7,291.09

Considerably Higher Intrinsic Value: Analyst's intrinsic value is of BBNI is IDR7,291, which is 40% higher than BBNI's last closing price of IDR5,250 (as of 2024-04-17).

Valuation Recap of BBNI stock
WeightNotesScore
High
The P/E ratio is calculated by dividing the market price of a company's stock by its earnings per share (EPS). It is a key tool for investors and analysts to assess whether a stock is overvalued, undervalued, or fairly valued. A P/E ratio of 9.34x is above the ID market average of 8.53x and is trading at a discount to peers in the Banks sector (13.15x).
Max 3
High
The P/B ratio is calculated by dividing the market price of a company's stock by its book value per share (BVPS). It measures the company's stock value relative to its assets minus liabilities. A P/B ratio of 1.30x is above the peers average of 0.84x in the Banks sector.
Max 3
Medium
The P/S ratio is calculated by dividing the market price of a company's stock by its sales per share. It measures the company's stock value relative to its sales. A P/S ratio of 3.18x is similar to the peers average of 3.50x in the Banks sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of BBNI's valuation relative to its current sales and future earnings growth. BBNI trades at a Forward P/E ratio of 7.37x, which is considered fairly undervalued by analysts.
Max 2
Low
The Price/Cash Flow ratio (P/CF) is calculated by dividing the market price of a company's stock by its cash flow per share. It measures the company's stock value relative to its cash flow, and is sometimes said to be a more objective measure of a company's value because cash flows cannot be manipulated as easily as earnings, which considers non-cash items such as depreciation and amortization. BBNI's P/CF ratio of 5.32x is considered healthy by analysts.
Max 2
Medium
Considerably Higher Intrinsic Value: Analyst's intrinsic value is of BBNI is IDR 7,291.09, which is 40% higher than BBNI's last closing price of IDR 5,250.00.●●●
Max 3

Peers

BBNI Peers and Comparison

Peer Companies

Supertype Fuzzy Search
SymbolCompany Name
Market Cap
(in Trillion IDR)
Total Assets
(in Trillion IDR)
Total Revenue
(in Trillion IDR)
Profit and Loss
(in Trillion IDR)
P/E
P/B
BBCAPT Bank Central Asia Tbk.1,174.19T1,381.45T 98.47T 48.20T 24.364.98
BBRIPT Bank Rakyat Indonesia (Persero) Tbk799.19T1,851.96T 175.51T 56.01T 14.272.61
BMRIPT Bank Mandiri (Persero) Tbk618.33T2,007.16T 135.73T 49.58T 12.472.54
BBNIPT Bank Negara Indonesia (Persero) Tbk195.39T1,086.66T 61.51T 20.91T 9.341.30
BRISPT Bank Syariah Indonesia Tbk114.40T319.85T 19.34T 5.26T 21.773.08
SMMAPT Sinar Mas Multiartha Tbk92.97T106.59T 28.35T 1.10T 84.384.30
DNETPT Indoritel Makmur Internasional Tbk.65.39T20.71T 1.39T 0.72T 90.695.10
MEGABank Mega Tbk60.76T132.12T 7.81T 3.51T 17.312.79
BNGAPT Bank CIMB Niaga Tbk50.87T329.13T 18.53T 6.10T 8.341.08
BNLIBank Permata Tbk34.73T251.94T 11.63T 1.91T 18.180.89
Competitiveness Recap of BBNI stock
WeightNotesScore
High
At a market cap of IDR 195,385.58 billion, BBNI.JK ranks 4 in Market Cap out of 10 companies in the Financials sector.
Max 2
High
At a PE of 9.34, BBNI.JK ranks 9 out of 10 companies in the Financials sector for P/E value. The average PE is 30.11 (unadjusted). A high P/E ratio often indicates higher growth expectation, or other qualitative factors that led investors to believe that the company has a defensible competitive advantage compared to its peers in Financials. In this regard, it trails behind sector leaders such as PT Indoritel Makmur Internasional Tbk. (90.69) in the Financials sector.
Max 2
Medium
At a PE of 9.34, BBNI.JK is trading at a lower PE than that of its subsector peers in Banks (median of 13.15). A lower P/E value presents a potential value opportunity, but it might also indicate that the company is facing headwinds in its business.
Max 2
Medium
At a revenue of IDR 61.51 trillion, BBNI.JK ranks 4 in Revenue out of 10 companies in the Financials sector.
Max 2
Medium
At a profit of IDR 20.91 trillion, BBNI.JK ranks 4 in Profit out of 10 companies in the Financials sector.
Max 2

Future

Future Growth of BBNI

Growth Forecasts

BBNI 2024 Revenue Growth
+12.0%
BBNI 2024 EPS Growth
+13.5%
Sector Revenue Growth
+14.6%
Banks
Indonesia Market Growth
+7.6%
IDX overall growth
Banks Sector Revenue Growth '24
+33.3%
Financials Sector Revenue Growth '24
+33.9%

Sector Benchmark

Banks companies in Indonesia are growing at a projected rate of 14.60% against the IDX average of +7.6%.

Banks sector overview

BBNI Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of BBNI
WeightNotesScore
High
BBNI's projected growth rate of 14.60% is above the ID market average of 7.62%.●●●
Max 3
High
The Banks sub-sector is projected to grow revenue by 33.34% in 2024. This number is higher than the previous year 2023's growth rate of 13.71%. This bodes well for BBNI's revenue growth prospects in the next 2 years. ●●●
Max 3
Medium
The Banks sub-sector is projected to increase earnings by 72.99% in 2024. This number is higher than the previous year 2023's EPS growth of 33.09%. This bodes well for BBNI's earnings growth prospects in the next 2 years. ●●●
Max 3
Medium
BBNI and its peers in the Banks sub-sector belongs to the Financials sector. Companies in the Financials sector are projected to have a fruitful year heading into 2024. Specifically, earnings are projected to increase by 72.99% in 2024 while revenue growth is projected to increase by 33.88%. These macroeconomic trends will likely be a tailwind for BBNI's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

Royke Tumilaar 15.2 years

Vice President Director

Adi Sulistyowati 15.4 years
Corina Leyla Karnalies
Director
Novita Widya Anggraini
Director
Silvano W. Rumantir
Director
David Pirzada
Director
Sis Apik Wijayanto
Director
Ronny Venir
Director
Muhammad Iqbal
Director
Toto Prasetio
Director
Putrama W. Setyawan
Director
Mucharom
Director
NamePositionShares%
Adi SulistyowatiDirector1,567,706< 0.01
AskolaniCommissioner809,086< 0.01
Corina Leyla KarnaliesDirector1,442,034< 0.01
David PirzadaDirector880,044< 0.01
Fadlansyah LubisCommissioner43,484< 0.01
MucharomDirector348,008< 0.01
Muhammad IqbalDirector948,044< 0.01
Novita Widya AnggrainiDirector948,044< 0.01
Putrama Wahju SetyawanDirector1,686,386< 0.01
Robertus BilliteaCommissioner42,400< 0.01
Ronny VenirDirector1,559,656< 0.01
Royke TumilaarDirector1,115,346< 0.01
Silvano W. RumantirDirector948,044< 0.01
Sis Apik WijayantoDirector1,579,946< 0.01
SusyantoCommissioner634,594< 0.01
Toto PrasetioDirector89,856< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

BBNI Ownership

Others
15.91%
Insiders
67.89%
Institutions
16.2%
NameNumber of SharesOwnership (%)Value
Republic Of Indonesia22,378,387,75060117,486.54B
Public (Scripless)14,857,014,86039.8377,999.33B
Treasury Stock40,514,6000.11212.70B
Public (Scrip)6,753,0280.0235.45B

Largest Institutional Buy

Janus Henderson Investors Ltd
Bought 31-01-2024
+31,939,200 shares
Aberdeen Standard Investments
Bought 31-01-2024
+30,928,100 shares
AllianceBernstein L.P.
Bought 31-01-2024
+22,593,200 shares

Largest Institutional Sell

Principal Global Investors LLC
Sold 31-01-2024
-213,901,100 shares
Invesco Asset Management Ltd
Sold 31-01-2024
-156,714,200 shares
PineBridge Investments Asia Limited
Sold 31-01-2024
-118,282,800 shares

Institutional Transactions

Tracking institutional transactions buying / selling of BBNI stock