Asuransi Harta Aman Pratama Tbk

ahap

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.

2468101214ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: AHAP

Development
Market Cap.
IDR 612.50Billion

~$38.62M USD

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

Valuation

AHAP Valuation Metrics

125

IDR

Closing Price on 2024-04-05

Price to Equity

-35.84

P/E

At -35.84x P/E TTM, AHAP.JK is trading at a discount to its peers in the Insurance sector.

Price to Book

3.13

P/B

At 3.13x P/B TTM, AHAP.JK is trading at a premium to its peers in the Insurance sector (avg 0.7x).

Price to Sales

2.29

P/S

At 2.29x P/S TTM, AHAP.JK is trading at a premium to its peers in the Insurance sector (avg 1.3x).

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
-17.33x
Price/Forward Earnings
-
PEG Ratio
-1.90x

Analyst Ratings

No analyst ratings available yet.

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. A P/E ratio of -35.84x is below the ID market average of 8.22x and is trading at a discount to peers in the Insurance sector (12.09x). In fact, less than 25% of its peers trade at a lower P/E ratio than AHAP.●●●
Max 3
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 3.13x is above the peers average of 0.74x in the Insurance sector. AHAP trades at a higher P/B ratio than >75% of its peers in the Insurance sector.
Max 3
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 2.29x is above the peers average of 1.29x 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.
Max 2
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 -17.33x is considered healthy by analysts.●●
Max 2

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.1,211.18T1,381.45T 98.47T 48.20T 25.135.14
BBRIPT Bank Rakyat Indonesia (Persero) Tbk851.97T1,851.96T 175.51T 56.01T 15.212.78
BMRIPT Bank Mandiri (Persero) Tbk637.00T2,007.16T 135.73T 49.58T 12.852.62
BBNIPT Bank Negara Indonesia (Persero) Tbk197.25T1,086.66T 61.51T 20.91T 9.431.31
BRISPT Bank Syariah Indonesia Tbk124.55T319.85T 19.34T 5.26T 23.703.35
SMMAPT Sinar Mas Multiartha Tbk92.97T106.59T 28.35T 1.10T 84.384.30
DNETPT Indoritel Makmur Internasional Tbk.64.54T20.17T 1.41T 0.95T 68.095.07
MEGABank Mega Tbk60.47T132.12T 7.81T 3.51T 17.222.78
BNGAPT Bank CIMB Niaga Tbk52.37T329.13T 18.53T 6.10T 8.581.11
LIFEPT MSIG Life Insurance Indonesia Tbk.12.60T14.74T 3.37T 0.26T 49.081.69
Competitiveness Recap of AHAP stock
WeightNotesScore
High
At a market cap of IDR 612.50 billion, AHAP.JK ranks 10 in Market Cap out of 10 companies in the Financials sector.
Max 2
High
At a PE of -35.84, AHAP.JK ranks 10 out of 10 companies in the Financials sector for P/E value. The average PE is 22.88 (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 (84.38) in the Financials sector.
Max 2
Medium
At a PE of -35.84, AHAP.JK is trading at a lower PE than that of its subsector peers in Insurance (median of 12.09). A lower P/E value presents a potential value opportunity, but it might also indicate that the company is facing headwinds in its business.
Max 2
Medium
At a revenue of IDR 0.27 trillion, AHAP.JK ranks 10 in Revenue out of 10 companies in the Financials sector.
Max 2
Medium
At a profit of -IDR 0.02 trillion, AHAP.JK ranks 10 in Profit out of 10 companies in the Financials sector.
Max 2

Future

Future Growth of AHAP

Growth Forecasts

No data available

Sector Benchmark

Insurance companies in Indonesia are growing at a projected rate of 86.43% against the IDX average of +12.0%.

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 86.43% is above the ID market average of 11.98%.●●
Max 3
High
The Insurance sub-sector is projected to grow revenue by 86.43% in 2024. This number is higher than the previous year 2023's growth rate of 75.33%. This bodes well for AHAP's revenue growth prospects in the next 2 years. ●●●
Max 3
Medium
The Insurance sub-sector is projected to decrease earnings by 0.00% in 2024. This number is lower than the previous year 2023's EPS growth of 0.00%. false
Max 3
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 2024. Specifically, earnings are projected to increase by 75.53% in 2024 while revenue growth is projected to increase by 32.25%. These macroeconomic trends will likely be a tailwind for AHAP's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

Yulianto Piettojo15.2 years
Josef Gunawan Setyo
Director
Indradi Prasodjo
Director
Treesje Halim
Director
Sutjianta
Director
NamePositionShares%
No data is available for AHAP at the moment.
Expressed in millions IDR, unless otherwise stated

Ownership

AHAP Ownership

Others
24.62%
Insiders
75.38%
Institutions
0%
NameNumber of SharesOwnership (%)Value
Pt Asuransi Central Asia3,066,343,00962.58383.29B
Public (Scripless)1,216,953,26724.84152.12B
Sendra Gunawan612,362,86612.576.55B
Public (Scrip)4,340,8580.090.54B
No data is available for AHAP at the moment.