PT Bank Rakyat Indonesia (Persero) Tbk

BBRI

-0.93%

Overview

BBRI Overview

PT Bank Rakyat Indonesia (Persero) Tbk is an Indonesia-based banking company. The Company focuses on micro, small and medium enterprises (MSME) and microfinance in Indonesia. Its savings products include Simpedes, BritAma, BritAma Bisnis, BritAma X, Simpedes TKI, Hajj Pilgrimage Savings Account, BritAma Rencana, BritAma Valas, Junio, Tabungan BRI Simpel and TabunganKu. The Company’s time deposits include Rupiah Time Deposit, Foreign Currency Time Deposit and Internet Banking Deposit. Its current account includes BRI Rupiah Giro and BRI Foreign Currency Giro. Its corporate business banking services include business services, financial services, institutional services, treasury, custodian services, trustee services and cash management services. The Company operates approximately 18 regional offices, approximately 459 branches and over 579 sub-branches. The Company offers services in Borneo, Sulawesi, Maluku, Papua, Nusa Tenggara, Java, and Sumatra.

5101520ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: BBRI

Main
Market Cap.
IDR 799.19Trillion
#3 in Indonesia

~$49.95B USD

Industry
Banks
Sub-Industry
Banks
Sector
Financials
Sub-Sector

Valuation

BBRI Valuation Metrics

5,300

IDR
-0.9%

Closing Price on 2024-04-17

Price to Equity

14.27

P/E

At 14.27x P/E TTM, BBRI.JK is trading in line with its peers in the Banks sector.

Price to Book

2.61

P/B

At 2.61x P/B TTM, BBRI.JK is trading at a premium to its peers in the Banks sector (avg 0.8x).

Price to Sales

4.55

P/S

At 4.55x P/S TTM, BBRI.JK is trading at a premium to its peers in the Banks sector (avg 3.5x).

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

Price/Cash Flow
9.49x
Price/Forward Earnings
10.70x
PEG Ratio
10.20x

Analyst Ratings

40
60
80
0
100

82.5

Undervalued

Fairly Valued

Overvalued

Last closing: IDR5,3002024-04-17
IDR 4,237.07

Slightly Lower Intrinsic Value: Analyst's intrinsic value is of BBRI is IDR4,237, which is 19% lower than BBRI's last closing price of IDR5,300 (as of 2024-04-17).

Valuation Recap of BBRI stock
WeightNotesScore
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 2.21x is above the peers average of 0.84x in the Banks sector.
Max 3
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. BBRI's P/CF ratio of 9.49x is considered healthy by analysts.
Max 2
Medium
Slightly Lower Intrinsic Value: Analyst's intrinsic value is of BBRI is IDR 4,237.07, which is 19% lower than BBRI's last closing price of IDR 5,300.00.
Max 3

Peers

BBRI 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 BBRI stock
WeightNotesScore
High
At a market cap of IDR 799,192.28 billion, BBRI.JK ranks 2 in Market Cap out of 10 companies in the Financials sector.●●
Max 2
High
At a PE of 14.27, BBRI.JK ranks 7 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 14.27, BBRI.JK is trading at a higher PE than that of its subsector peers in Banks (median of 13.15). false
Max 2
Medium
At a revenue of IDR 175.51 trillion, BBRI.JK ranks 1 in Revenue out of 10 companies in the Financials sector.●●
Max 2
Medium
At a profit of IDR 56.01 trillion, BBRI.JK ranks 1 in Profit out of 10 companies in the Financials sector.●●
Max 2

Future

Future Growth of BBRI

Growth Forecasts

BBRI 2024 Revenue Growth
0.0%
BBRI 2024 EPS Growth
0.0%
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

BBRI Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of BBRI
WeightNotesScore
High
BBRI'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 BBRI'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 BBRI's earnings growth prospects in the next 2 years. ●●●
Max 3
Medium
BBRI 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 BBRI's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

Sunarso15.2 years

Vice President Director

Catur Budi Harto15.4 years
Ahmad Solichin Lutfiyanto
Director
Agus Noorsanto
Director
Supari
Director
Handayani
Director
Agus Sudiarto
Director
Amam Sukriyanto
Director
Agus Winardono
Director
Viviana Dyah Ayu Retno
Director
Arga Mahanana Nugraha
Director
Andrijanto
Director
NamePositionShares%
Agus NoorsantoDirector2,071,941< 0.01
Agus SudiartoDirector1,717,400< 0.01
Agus WinardonoDirector1,503,481< 0.01
Ahmad Solichin LutfiyantoDirector3,587,470< 0.01
Amam SukriyantoDirector1,526,754< 0.01
AndrijantoDirector1,123,000< 0.01
Arga Mahanana NugrahaDirector1,313,785< 0.01
Catur Budi HartoVice President Director1,839,057< 0.01
HandayaniDirector3,425,200< 0.01
Kartika WirjoatmodjoPresident Commissioner689,800< 0.01
Rabin Indrajad HattariCommissioner620,700< 0.01
SunarsoPresident Director3,234,856< 0.01
SupariDirector2,890,914< 0.01
Viviana Dyah Ayu RetnoDirector1,512,800< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

BBRI Ownership

Others
18.65%
Insiders
55.73%
Institutions
25.62%
NameNumber of SharesOwnership (%)Value
Republic Of Indonesia80,610,976,87653.19427,238.18B
Public (Scripless)70,160,438,67846.29371,850.32B
Treasury Stock741,344,9000.493,929.13B
Public (Scrip)19,183,9920.01101.68B

Largest Institutional Buy

Capital Research and Management Company
Bought 31-01-2024
+578,576,500 shares
Capital Guardian Trust Company
Bought 31-01-2024
+242,914,300 shares
Columbia Mgmt Investment Advisers, LLC
Bought 31-01-2024
+190,573,000 shares

Largest Institutional Sell

JPMorgan Asset Management Inc
Sold 31-01-2024
-314,311,200 shares
John Hancock Investment Management LLC
Sold 31-01-2024
-287,297,628 shares
Virtus Investment Advisers, Inc.
Sold 31-01-2024
-102,900,439 shares

Institutional Transactions

Tracking institutional transactions buying / selling of BBRI stock