PT Bank Raya Indonesia Tbk

agro

-0.78%

Overview

AGRO Overview

PT Bank Raya Indonesia Tbk is an Indonesia-based company that is engaged in conducting commercial banking activities. The Company operates through three segments: consumer, retail, middle and other groups. The Company’s products include Pinang Flexi Extra, PINANG Maksima, PINANG Performa, PINANG Flexi, PINANG Dana Talangan, PINANG Connect, QRIS Payment, and Digital Saving. The Company’s geographical area include Jabodetabek, Java, Sumatera, Kalimantan and Sulawesi. The Company has approximately eight branch offices, and nine community branches.

2468101214ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: AGRO

Main
Market Cap.
IDR 6.33Trillion

~$395.81M USD

Industry
Banks
Sub-Industry
Banks
Sector
Financials
Sub-Sector

Valuation

AGRO Valuation Metrics

256

IDR
-0.8%

Closing Price on 2024-04-18

Price to Equity

-999.14

P/E

At -999.14x P/E TTM, AGRO.JK is trading at a discount to its peers in the Banks sector.

Price to Book

1.86

P/B

At 1.86x P/B TTM, AGRO.JK is trading at a premium to its peers in the Banks sector (avg 0.8x).

Price to Sales

11.00

P/S

At 11.00x P/S TTM, AGRO.JK is trading at a premium to its peers in the Banks sector (avg 3.4x).

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

Price/Cash Flow
6.13x
Price/Forward Earnings
134.74x
PEG Ratio
14.60x

Analyst Ratings

40
60
80
0
100

50.0

Undervalued

Fairly Valued

Overvalued

Last closing: IDR2562024-04-18
IDR 5.00

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of AGRO is IDR5, which is 97% lower than AGRO's last closing price of IDR256 (as of 2024-04-18).

Valuation Recap of AGRO 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 -999.14x is below the ID market average of 8.46x and is trading at a discount to peers in the Banks sector (13.24x). In fact, less than 25% of its peers trade at a lower P/E ratio than AGRO.

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 1.86x is above the peers average of 0.84x 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 11.00x is above the peers average of 3.43x in the Banks sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of AGRO's valuation relative to its current sales and future earnings growth. AGRO trades at a Forward P/E ratio of 134.74x, which is considered richly valued 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. AGRO's P/CF ratio of 6.13x is considered healthy by analysts.

Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of AGRO is IDR 5.00, which is 97% lower than AGRO's last closing price of IDR 256.00.

Peers

AGRO 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.1,168.03T1,381.45T 98.47T 48.20T 24.234.95
BBRIPT Bank Rakyat Indonesia (Persero) Tbk825.58T1,851.96T 175.51T 56.01T 14.742.69
BMRIPT Bank Mandiri (Persero) Tbk634.67T2,007.16T 135.73T 49.58T 12.802.61
BBNIPT Bank Negara Indonesia (Persero) Tbk197.25T1,086.66T 61.51T 20.91T 9.431.31
BRISPT Bank Syariah Indonesia Tbk119.94T319.85T 19.34T 5.26T 22.823.23
SMMAPT Sinar Mas Multiartha Tbk92.97T106.59T 28.35T 1.10T 84.384.30
DNETPT Indoritel Makmur Internasional Tbk.65.53T20.71T 1.39T 0.72T 90.885.11
MEGABank Mega Tbk60.47T132.12T 7.81T 3.51T 17.222.78
BNGAPT Bank CIMB Niaga Tbk50.38T329.13T 18.53T 6.10T 8.261.07
BNLIBank Permata Tbk34.91T251.94T 11.63T 1.91T 18.270.89
Competitiveness Recap of AGRO stock
WeightNotesScore
High
At a market cap of IDR 6,333.57 billion, AGRO.JK ranks 10 in Market Cap out of 10 companies in the Financials sector.

High
At a PE of -999.14, AGRO.JK ranks 10 out of 10 companies in the Financials sector for P/E value. The average PE is -71.44 (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. (90.88) in the Financials sector.

Medium
At a PE of -999.14, AGRO.JK is trading at a lower PE than that of its subsector peers in Banks (median of 13.24). 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 0.58 trillion, AGRO.JK ranks 10 in Revenue out of 10 companies in the Financials sector.

Medium
At a profit of -IDR 0.01 trillion, AGRO.JK ranks 10 in Profit out of 10 companies in the Financials sector.

Future

Future Growth of AGRO

Growth Forecasts

AGRO 2024 Revenue Growth
+107.2%
AGRO 2024 EPS Growth
0.0%
Sector Revenue Growth
+14.6%
Banks
Indonesia Market Growth
+7.6%
IDX overall growth
Banks Sector Revenue Growth '24
+33.5%
Financials Sector Revenue Growth '24
+34.1%

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

AGRO Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of AGRO
WeightNotesScore
High
AGRO's projected growth rate of 14.60% is above the ID market average of 7.62%.

High
The Banks sub-sector is projected to grow revenue by 33.55% in 2024. This number is higher than the previous year 2023's growth rate of 13.79%. This bodes well for AGRO's revenue growth prospects in the next 2 years.

Medium
The Banks sub-sector is projected to increase earnings by 72.75% in 2024. This number is higher than the previous year 2023's EPS growth of 33.02%. This bodes well for AGRO's earnings growth prospects in the next 2 years.

Medium
AGRO 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 72.75% in 2024 while revenue growth is projected to increase by 34.06%. These macroeconomic trends will likely be a tailwind for AGRO's earnings growth prospects in the next 2 years.

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Management

Executive Management

President Director

Ida Bagus Ketut Subagia15.2 years
Dedy Hendrianto
Director
Bhimo Wikan Hantoro
Director
Danar Widyantoro
Director
Rustarti Suri Pertiwi
Director
NamePositionShares%
Achmad F.C BarirCommissioner1,216,287< 0.01
Bhimo Wikan HantoroDirector2,552,642< 0.01
Dedy HendriantoDirector55,086< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

AGRO Ownership

Others
6.66%
Insiders
91.62%
Institutions
1.72%
NameNumber of SharesOwnership (%)Value
Pt. Bank Rakyat Indonesia (Persero) Tbk21,487,162,03786.855,500.71B
Public (Scripless)3,239,892,42013.1829.41B
Public (Scrip)9,615,8220.042.46B
Bhimo Wikan Hantoro2,552,6420.010.65B

Largest Institutional Buy

Vanguard Equity Investment Group
Bought 31-01-2024
+2,914,300 shares
Lion Global Investors Ltd
Bought 31-01-2024
+373,200 shares
Vanguard Investments Australia Ltd
Bought 31-01-2024
+666 shares

Largest Institutional Sell

Capital Research and Management Company
Sold 31-01-2024
-109,965,963 shares
AZ Investment Management Singapore Ltd
Sold 31-01-2024
-8,909,935 shares
Principal Asset Management Berhad
Sold 31-01-2024
-5,539,535 shares

Institutional Transactions

Tracking institutional transactions buying / selling of AGRO stock