PT Global Digital Niaga Tbk

BELI

-0.86%

Overview

BELI Overview

PT Global Digital Niaga Tbk is engaged in wholesale and retail and technology and information. The Company’s segments include first-party (1P), third-party (3P), Institutions, and Physical Stores. The 1P is a business-to-consumer segment which offers a variety of first party products and services online from various categories. The 3P Retail is a business-to-consumer segment which offers a variety of third-party products and services online from various categories including tiket.com. The Institutions is a business-to-business segment that offers a variety of 1P and 3P products and services to institutional consumers, both to public and private consumers throughout Indonesia. The Physical Stores is the offline trading business segment in the consumer electronics sector in collaboration with partners from various global brands, as well as operating premium supermarket outlets that provide fresh products and daily consumer goods operated by Subsidiary PT Supra Boga Lestari Tbk.

246810ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: BELI

New Economy
Market Cap.
IDR 56.92Trillion

~$3.50B USD

Industry
Online Applications & Services
Sub-Industry
Online Applications & Services
Sector
Technology

Valuation

BELI Valuation Metrics

462

IDR
-0.9%

Closing Price on 2024-06-14

Price to Equity

-16.48

P/E

At -16.48x P/E TTM, BELI.JK is trading at a discount to its peers in the Software & IT Services sector.

Price to Book

7.13

P/B

At 7.13x P/B TTM, BELI.JK is trading at a premium to its peers in the Software & IT Services sector (avg 1.5x).

Price to Sales

3.84

P/S

At 3.84x P/S TTM, BELI.JK is trading at a premium to its peers in the Software & IT Services sector (avg 0.7x).

Valuing PT Global Digital Niaga Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Software & IT Services sector

Historical Price to Earnings

Other Valuation Metrics

Valuing PT Global Digital Niaga Tbk relative to other stocks in the Software & IT Services sector

Price/Cash Flow
-18.40x
Price/Forward Earnings
-
Enterprise Value/Revenue
3.84x
Enterprise Value/EBITDA
-19.89x
PEG Ratio
-0.77x

Analyst Ratings

40
60
80
0
100

37.5

Recommended

Neutral

Not Recommended

Valuation Recap of BELI 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 -16.48x is below the ID market average of 7.93x and is trading at a discount to peers in the Software & IT Services sector (3.68x). In fact, less than 25% of its peers trade at a lower P/E ratio than BELI.

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 7.13x is above the peers average of 1.47x in the Software & IT Services sector. BELI trades at a higher P/B ratio than >75% of its peers in the Software & IT Services sector.

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 3.84x is above the peers average of 0.65x in the Software & IT Services sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of BELI's valuation relative to its current sales and future earnings growth.

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. BELI's P/CF ratio of -18.40x is considered healthy by analysts.

Low
The Enterprise Value/Revenue ratio (EV/R) is calculated by dividing the enterprise value of a company by its revenue. It measures the company's enterprise value relative to its revenue. It is an indicator of how much it costs to buy the company's revenue; the lower the ratio, the cheaper the company's revenue. BELI's EV/R ratio of 3.84x is considered a relatively high ratio The average EV/R ratio for the Software & IT Services sector is 0.70x.

Peers

BELI 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
DCIIPT DCI Indonesia Tbk86.61T3.76T 1.31T 0.51T 168.8338.63
BELIPT Global Digital Niaga Tbk56.92T14.89T 14.81T -3.45T -16.487.13
GOTOPT GoTo Gojek Tokopedia Tbk56.74T47.74T 15.53T -87.40T -0.651.51
EMTKElang Mahkota Teknologi Tbk22.71T42.98T 7.85T 0.45T 50.510.65
BUKAPT Bukalapak.com Tbk12.17T25.98T 4.60T -0.40T -30.310.48
EDGEPT Indointernet Tbk.8.08T2.77T 0.98T 0.26T 30.645.27
MTDLMetrodata Electronics Tbk6.88T10.18T 15.67T 0.40T 17.071.79
MSTIPT Mastersystem Infotama Tbk.4.58T0.00T 0.00T 0.00T
CYBRPT ITSEC Asia Tbk.2.63T0.00T 0.00T 0.00T
MLPTPT Multipolar Technology Tbk.2.34T3.18T 2.56T 0.18T 13.093.01
Competitiveness Recap of BELI stock
WeightNotesScore
High
At a market cap of IDR 56,923.02 billion, BELI.JK ranks 2 in Market Cap out of 10 companies in the Technology sector.

High
At a PE of -16.48, BELI.JK ranks 9 out of 10 companies in the Technology sector for P/E value. The average PE is 23.27 (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 Technology. In this regard, it trails behind sector leaders such as PT DCI Indonesia Tbk (168.83) in the Technology sector.

Medium
At a PE of -16.48, BELI.JK is trading at a lower PE than that of its subsector peers in Software & IT Services (median of 3.68). A lower P/E value presents a potential value opportunity, but it might also indicate that the company is facing headwinds in its business.

Medium
At a revenue of IDR 14.81 trillion, BELI.JK ranks 3 in Revenue out of 10 companies in the Technology sector.

Medium
At a profit of -IDR 3.45 trillion, BELI.JK ranks 9 in Profit out of 10 companies in the Technology sector.

Future

Future Growth of BELI

Growth Forecasts

No data available

Sector Benchmark

Software & IT Services companies in Indonesia are growing at a projected rate of 34.37% against the IDX average of +13.1%.

Software & IT Services sector overview
No data is available for BELI at the moment.
Future growth prospect of BELI
WeightNotesScore
High
BELI's projected growth rate of 34.37% is above the ID market average of 13.14%.

High
The Software & IT Services sub-sector is projected to grow revenue by 38.75% in 2025. This number is higher than the previous year 2024's growth rate of 13.31%. This bodes well for BELI's revenue growth prospects in the next 2 years.

Medium
The Software & IT Services sub-sector is projected to decrease earnings by -294.40% in 2025. This number is lower than the previous year 2024's EPS growth of -222.41%. false

Medium
BELI and its peers in the Software & IT Services sub-sector belongs to the Technology sector. Companies in the Technology sector are projected to have a challenging year heading into 2025. Specifically, earnings are projected to decrease by -294.40% in 2025 while revenue growth is projected to increase by 38.75%. These macroeconomic trends will likely be a headwind for BELI's earnings growth prospects in the next 2 years.

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Management

Executive Management

President Director

Kusumo Martanto15.2 years
Hendry
Director
Lisa Widodo
Director
Eric Alamsjah Winarta
Director
Andy Untono
Director
Ronald Winardi
Director
NamePositionShares%
Andy UntonoDirector1,400,000< 0.01
HendryDirector2,200,000< 0.01
Honky HarjoVice President Commissioner141,174,6600.12
Kusumo MartantoPresident Director42,000,0000.04
Lisa WidodoDirector3,000,000< 0.01
Ronald WinardiDirector50,942,4000.04
Expressed in millions IDR, unless otherwise stated

Ownership

BELI Ownership

NameNumber of SharesOwnership (%)Value
Pt Global Investama Andalan99,155,152,00083.6845,809.68B
Public (Scripless)19,097,376,38016.128,822.99B
Honky Harjo141,174,6600.1265.22B
Kusumo Martanto42,000,0000.0419.40B
Ronald Winardi50,942,4000.0423.54B

Largest Institutional Buy

Länsförsäkringar Fondförvaltning AB
Bought 31-01-2024
+3,228,382 shares

Largest Institutional Sell

NN Investment Partners (Japan) Co Ltd
Sold 31-01-2024
-9,128,900 shares
Amplify Investments LLC
Sold 31-01-2024
-1,802,900 shares
Renaissance Capital LLC
Sold 31-01-2024
-1,163,000 shares

Institutional Transactions

Tracking institutional transactions buying / selling of BELI stock

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