Asuransi Harta Aman Pratama Tbk

Overview

AHAP Overview

PT Asuransi Harta Aman Pratama Tbk is an Indonesia-based insurance company, which is engaged in conventional general insurance business. The Company offers a range of insurance products, including property all risk / industrial all risk insurance, fire insurance, earthquake insurance, motor vehicle insurance, marine cargo insurance and health insurance. It also offers other insurance products, such as travel insurance, personal accident insurance, cash in safe insurance, burglary insurance, cash in transit insurance, billboard / neon sign insurance and electronic equipment insurance. Its fire insurance provide coverage for losses on property and/or insured interests that are directly caused by fire, lightning, explosion, impact by aircraft and smoke. Its operational network includes several marketing offices and branches across Indonesia, including those in Jakarta, Tangerang, Bandung, Surabaya, Semarang, Medan, Kota Solo, Bogor, Malang, and Bekasi Selatan.

2468ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: AHAP

Development
Market Cap.
IDR 539.00Billion

~$33.10M USD

Industry
Insurance
Sub-Industry
General Insurance
Sector
Financials
Sub-Sector

Valuation

AHAP Valuation Metrics

110

IDR
-6.0%

Closing Price on 2024-07-19

Price to Equity

-31.54

P/E

At -31.54x P/E TTM, AHAP.JK has a negative P/E ratio, most commonly seen in loss-making companies.

Price to Book

2.75

P/B

At 2.75x P/B TTM, AHAP.JK is trading at a premium to its peers in the Insurance sector (avg 0.7x).

Price to Sales

2.02

P/S

At 2.02x P/S TTM, AHAP.JK is trading at a premium to its peers in the Insurance sector (avg 1.0x).

Valuing Asuransi Harta Aman Pratama Tbk based on its trailing twelve months (TTM) valuation metrics against its peers in the Insurance sector

Historical Price to Earnings

Other Valuation Metrics

Valuing Asuransi Harta Aman Pratama Tbk relative to other stocks in the Insurance sector

Price/Cash Flow-15.25x
Price/Forward Earnings-
PEG Ratio-1.67x

Intrinsic Value

Last closing: IDR1102024-07-19
IDR 777.23

Considerably Higher Intrinsic Value: Analyst's intrinsic value is of AHAP is IDR777, which is 608% higher than AHAP's last closing price of IDR110 (as of 2024-07-19).

Valuation Recap of AHAP 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. Unfortunately, the P/E ratio for AHAP is negative, commonly seen in companies that are still in the growth phase and have not yet turned a profit. Sometimes, negative P/E ratios can occur due to one-time write-offs or accounting adjustments that affect earnings temporarily. However, sustained negative earnings usually reflect ongoing operational losses.

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 2.75x is above the peers average of 0.68x in the Insurance sector. AHAP trades at a higher P/B ratio than >75% of its peers in the Insurance 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 2.02x is above the peers average of 0.97x in the Insurance sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of AHAP'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. AHAP's P/CF ratio of -15.25x is considered healthy by analysts.

Medium
Considerably Higher Intrinsic Value: Analyst's intrinsic value is of AHAP is IDR 777.23, which is 608% higher than AHAP's last closing price of IDR 110.00.

Peers

AHAP 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.1,245.08T1,408.11T 101.91T 48.64T 25.605.14
BBRIPT Bank Rakyat Indonesia (Persero) Tbk738.88T1,989.07T 178.91T 59.88T 12.342.52
BMRIPT Bank Mandiri (Persero) Tbk611.33T2,174.22T 123.24T 55.06T 11.102.34
BBNIPT Bank Negara Indonesia (Persero) Tbk189.03T1,066.72T 60.27T 21.08T 8.971.30
BRISPT Bank Syariah Indonesia Tbk113.02T357.90T 19.39T 5.91T 19.132.79
SMMAPT Sinar Mas Multiartha Tbk92.97T116.18T 25.19T 0.45T 207.773.97
DNETPT Indoritel Makmur Internasional Tbk.70.21T20.44T 1.40T 0.58T 120.885.44
MEGABank Mega Tbk58.70T126.53T 7.85T 3.60T 16.322.94
BNGAPT Bank CIMB Niaga Tbk44.76T332.99T 19.03T 6.58T 6.800.87
LIFEPT MSIG Life Insurance Indonesia Tbk.12.50T14.86T 3.50T 0.22T 57.501.65
Competitiveness Recap of AHAP stock
WeightNotesScore
High
At a market cap of IDR 539.00 billion, AHAP.JK ranks 10 in Market Cap out of 10 companies in the Financials sector.

High
At a PE of -31.54, AHAP.JK ranks 10 out of 10 companies in the Financials sector for P/E value. The average PE is 39.74 (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 (207.77) in the Financials sector.

Medium
At a PE of -31.54, AHAP.JK is trading at a lower PE than that of its subsector peers in Insurance (median of 13.11). 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 0.27 trillion, AHAP.JK ranks 10 in Revenue out of 10 companies in the Financials sector.

Medium
At a profit of -IDR 0.02 trillion, AHAP.JK ranks 10 in Profit out of 10 companies in the Financials sector.

Future

Future Growth of AHAP

Growth Forecasts

Analyst Ratings

Based on ratings from 5 analysts for AHAP over the past 3 months.

Strong Buy

Strong Buy

60.0%

Buy

20.0%

Hold

20.0%

Sell

0.0%

Strong Sell

0.0%

Last Update: 2024-06-28

Sector Benchmark

Insurance companies in Indonesia are shrinking at a projected rate of -69.27% against the IDX average of +13.8%.

Insurance sector overview
No data is available for AHAP at the moment.
Future growth prospect of AHAP
WeightNotesScore
High
AHAP's projected growth rate of -69.27% is below the ID market average of 13.82%.

Medium
AHAP and its peers in the Insurance 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 15.70% in 2025 while revenue growth is projected to increase by 24.44%. These macroeconomic trends will likely be a tailwind for AHAP's earnings growth prospects in the next 2 years.

Technical

Daily Technical Ratings of AHAP

Oscillators

Sell

Sell

3

Neutral

7

Buy

1

Summary

Buy

Sell

4

Neutral

8

Buy

14

Moving Averages

Strong Buy

Sell

1

Neutral

1

Buy

13

Summary

Technical Ratings of AHAP
IndicatorSummarySellNeutralBuy
SummaryBuy4814
OscillatorsSell371
Moving AveragesStrong Buy1113

Last Update: 2024-07-19

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Management

Executive Management

President Director

Yulianto Piettojo15.2 years
Josef Gunawan SetyoDirector
Indradi PrasodjoDirector
Treesje HalimDirector
SutjiantaDirector
NamePositionShares%Stock Value
(in Billion IDR)
No data is available for AHAP at the moment.

Ownership

AHAP Ownership

NameNumber of SharesOwnership (%)Value
Pt Asuransi Central Asia3,066,343,00962.58337.30B
Public (Scripless)1,235,053,26725.2135.86B
Sendra Gunawan594,262,86612.1365.37B
Public (Scrip)4,340,8580.090.48B

AHAP Filings

No noteworthy filings to report on

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