PT Bank Syariah Indonesia Tbk

BRIS

Overview

BRIS Overview

PT Bank Syariah Indonesia, Tbk. is an Indonesia-based Islamic bank. The Company's segments include Corporate Banking, Commercial Banking, Institutional Relation, Retail Banking, Treasury Banking & Head Office. Its Corporate Banking segment serves business entities such as SOEs and their subsidiaries, state institutions, multinational companies, banks and non-bank financial institutions, including non-linkage venture capital, syndicated financing, public companies and securities companies. Its Commercial Banking segment serves business entities, such as BUMD and its subsidiaries, regional governments, hospitals, state and private universities. Its Institutional Relation segment is focused on the management of customer funds and other transactions belonging to customers of government institutions and BUMN pension funds. Its treasury activities include foreign exchange transactions, money market, fixed income, international banking business, capital market, and others.

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: BRIS

Main
Market Cap.
IDR 106.15Trillion
#15 in Indonesia

~$6.52B USD

Industry
Banks
Sub-Industry
Banks
Sector
Financials
Sub-Sector

Valuation

BRIS Valuation Metrics

2,280

IDR
0.0%

Closing Price on 2024-06-14

Price to Equity

17.97

P/E

At 17.97x P/E TTM, BRIS.JK is trading at a premium to its peers in the Banks sector (avg 13.1x).

Price to Book

2.62

P/B

At 2.62x P/B TTM, BRIS.JK is trading at a premium to its peers in the Banks sector (avg 0.8x).

Price to Sales

5.47

P/S

At 5.47x P/S TTM, BRIS.JK is trading at a premium to its peers in the Banks sector (avg 3.5x).

Valuing PT Bank Syariah Indonesia 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 Syariah Indonesia Tbk relative to other stocks in the Banks sector

Price/Cash Flow
34.03x
Price/Forward Earnings
13.06x
PEG Ratio
0.29x

Analyst Ratings

40
60
80
0
100

75.0

Recommended

Neutral

Not Recommended

Last closing: IDR2,2802024-06-14
IDR 1,302.19

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of BRIS is IDR1,302, which is 42% lower than BRIS's last closing price of IDR2,280 (as of 2024-06-14).

Valuation Recap of BRIS 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 17.97x is above the ID market average of 8.07x and is trading at a premium to peers in the Banks sector (13.15x).

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 2.62x is above the peers average of 0.76x in the Banks sector. BRIS trades at a higher P/B ratio than >75% of its peers in the Banks 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 5.47x is above the peers average of 3.52x in the Banks sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of BRIS's valuation relative to its current sales and future earnings growth. BRIS trades at a Forward P/E ratio of 13.06x, which is considered fairly undervalued by analysts.

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. BRIS's P/CF ratio of 34.03x is considered a relatively high ratio by analysts.

Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of BRIS is IDR 1,302.19, which is 42% lower than BRIS's last closing price of IDR 2,280.00.

Peers

BRIS 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.1,140.26T1,408.11T 101.91T 48.64T 23.444.70
BBRIPT Bank Rakyat Indonesia (Persero) Tbk630.31T1,989.07T 178.91T 59.88T 10.532.15
BMRIPT Bank Mandiri (Persero) Tbk536.67T2,174.22T 123.24T 55.06T 9.752.06
BBNIPT Bank Negara Indonesia (Persero) Tbk160.54T1,066.72T 60.27T 21.08T 7.621.11
BRISPT Bank Syariah Indonesia Tbk106.15T357.90T 19.39T 5.91T 17.972.62
SMMAPT Sinar Mas Multiartha Tbk92.81T116.18T 25.19T 0.45T 207.423.96
DNETPT Indoritel Makmur Internasional Tbk.68.93T20.44T 1.40T 0.58T 118.685.35
MEGABank Mega Tbk60.76T126.53T 7.85T 3.60T 16.893.05
BNGAPT Bank CIMB Niaga Tbk41.02T332.99T 19.03T 6.58T 6.230.80
BNLIBank Permata Tbk31.66T252.84T 11.97T 2.95T 10.740.78
Competitiveness Recap of BRIS stock
WeightNotesScore
High
At a market cap of IDR 106,153.15 billion, BRIS.JK ranks 5 in Market Cap out of 10 companies in the Financials sector.

High
At a PE of 17.97, BRIS.JK ranks 4 out of 10 companies in the Financials sector for P/E value. The average PE is 42.93 (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 Sinar Mas Multiartha Tbk (207.42) in the Financials sector.

Medium
At a PE of 17.97, BRIS.JK is trading at a higher PE than that of its subsector peers in Banks (median of 13.15). false

Medium
At a revenue of IDR 19.39 trillion, BRIS.JK ranks 6 in Revenue out of 10 companies in the Financials sector.

Medium
At a profit of IDR 5.91 trillion, BRIS.JK ranks 6 in Profit out of 10 companies in the Financials sector.

Future

Future Growth of BRIS

Growth Forecasts

BRIS 2024 Revenue Growth
+24.0%
BRIS 2024 EPS Growth
+9.6%
Sector Revenue Growth
+16.6%
Banks
Indonesia Market Growth
+13.1%
IDX overall growth
Banks Sector Revenue Growth '24
+14.5%
Banks Sector Revenue Growth '25
+21.2%
Financials Sector Revenue Growth '24
+13.1%
Financials Sector Revenue Growth '25
+21.0%

Sector Benchmark

Banks companies in Indonesia are growing at a projected rate of 16.61% against the IDX average of +13.1%.

Banks sector overview

BRIS Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of BRIS
WeightNotesScore
High
BRIS's projected growth rate of 16.61% is above the ID market average of 13.14%.

High
The Banks sub-sector is projected to grow revenue by 21.20% in 2025. This number is higher than the previous year 2024's growth rate of 14.46%. This bodes well for BRIS's revenue growth prospects in the next 2 years.

Medium
The Banks sub-sector is projected to increase earnings by 18.51% in 2025. This number is higher than the previous year 2024's EPS growth of 5.91%. This bodes well for BRIS's earnings growth prospects in the next 2 years.

Medium
BRIS 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 2025. Specifically, earnings are projected to increase by 18.49% in 2025 while revenue growth is projected to increase by 21.05%. These macroeconomic trends will likely be a tailwind for BRIS's earnings growth prospects in the next 2 years.

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Management

Executive Management

President Director

Hery Gunardi15.2 years

Vice President Director

Bob Tyasika Ananta15.4 years
Ngatari
Director
Anton Sukarna
Director
Tribuana Tunggadewi
Director
Ade Cahyo Nugroho
Director
Zaidan Novari
Director
Moh Adib
Director
Saladin D. Effendi
Director
Grandhis
Director
NamePositionShares%
Ade Cahyo NugrohoDirector1,726,600< 0.01
Anton SukarnaDirector1,726,600< 0.01
Bob Tyasika AnantaVice President Director548,400< 0.01
Hery GunardiPresident Director2,210,600< 0.01
Imam Budi SarjitoCommissioner822,700< 0.01
Masduki BaidlowiCommissioner822,700< 0.01
Moh. AdibDirector527,400< 0.01
NgatariDirector18,621,2000.04
SutantoCommissioner1,010,100< 0.01
SuyantoCommissioner822,700< 0.01
Tribuana TunggadewiDirector1,726,600< 0.01
Zaidan NovariDirector517,900< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

BRIS Ownership

NameNumber of SharesOwnership (%)Value
Pt Bank Mandiri (Persero) Tbk23,740,608,43651.4754,128.59B
Pt Bank Negara Indonesia (Persero) Tbk-Divisi Ppa10,720,230,41823.2424,442.13B
Pt Bank Rakyat Indonesia (Persero) Tbk7,092,761,65515.3816,171.50B
Public (Scripless)4,544,576,1289.8710,361.63B
Ngatari18,621,2000.0442.46B

Largest Institutional Buy

FIL Pensions Management
Bought 31-01-2024
+10,695,100 shares
JP Morgan Asset Management (UK) Ltd
Bought 31-01-2024
+7,357,753 shares
SEI Investments Management Corp
Bought 31-01-2024
+7,240,200 shares

Largest Institutional Sell

No data is available for BRIS at the moment.

Institutional Transactions

Tracking institutional transactions buying / selling of BRIS stock

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