Asuransi Multi Artha Guna Tbk

amag

Overview

AMAG Overview

PT Asuransi Multi Artha Guna Tbk is an Indonesia-based insurance company. The company is engaged in general insurance covering non-life insurance, either conventional or with the sharia principal. Its segments are based on class of insurance business, such as motor vehicles, health and personal accident, fire, marine cargo, and others. It provides a variety of appropriate and value-added product solutions for insurers from various walks of life. Its insurance products include fire, earthquake, property, engineering, motor vehicle, heavy equipment, cargo, burglary, money, personal accident, healthcare, and travel insurance. Its other specialty products include cash-in-ATM insurance, comprehensive machinery insurance, cash-in-management insurance, garage keeper liability insurance, fidelity guarantee insurance, moveable all risks insurance, hole in one insurance, neon sign insurance, magna micro business insurance, market consortium insurance, public liability insurance, and others.

246810ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: AMAG

Development
Market Cap.
IDR 1.58Trillion

~$99.35M USD

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

Valuation

AMAG Valuation Metrics

316

IDR

Closing Price on 2024-04-05

Price to Equity

10.38

P/E

At 10.38x P/E TTM, AMAG.JK is trading in line with its peers in the Insurance sector.

Price to Book

0.94

P/B

At 0.94x P/B TTM, AMAG.JK is trading at a premium to its peers in the Insurance sector (avg 0.7x).

Price to Sales

1.71

P/S

At 1.71x P/S TTM, AMAG.JK is trading at a premium to its peers in the Insurance sector (avg 1.3x).

Valuing Asuransi Multi Artha Guna 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 Multi Artha Guna Tbk relative to other stocks in the Insurance sector

Price/Cash Flow
4.55x
Price/Forward Earnings
-
PEG Ratio
0.78x

Analyst Ratings

No analyst ratings available yet.

Valuation Recap of AMAG 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 10.38x is above the ID market average of 8.22x and is trading at a discount to peers in the Insurance sector (12.09x).
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 0.94x is similar to the peers average of 0.74x 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 1.71x is similar to 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 AMAG'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. AMAG's P/CF ratio of 4.55x is considered healthy by analysts.●●
Max 2

Peers

AMAG 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 AMAG stock
WeightNotesScore
High
At a market cap of IDR 1,575.60 billion, AMAG.JK ranks 10 in Market Cap out of 10 companies in the Financials sector.
Max 2
High
At a PE of 10.38, AMAG.JK ranks 8 out of 10 companies in the Financials sector for P/E value. The average PE is 27.50 (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 10.38, AMAG.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 0.92 trillion, AMAG.JK ranks 10 in Revenue out of 10 companies in the Financials sector.
Max 2
Medium
At a profit of IDR 0.15 trillion, AMAG.JK ranks 10 in Profit out of 10 companies in the Financials sector.
Max 2

Future

Future Growth of AMAG

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 AMAG at the moment.
Future growth prospect of AMAG
WeightNotesScore
High
AMAG'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 AMAG'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
AMAG 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 AMAG's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

Pankaj Oberoi15.2 years

Vice President Director

Karel Fitrijanto15.4 years
Dinesh Ramu
Director
Peggy Wystan
Director
NamePositionShares%
No data is available for AMAG at the moment.
Expressed in millions IDR, unless otherwise stated

Ownership

AMAG Ownership

Others
8.48%
Insiders
91.52%
Institutions
0%
NameNumber of SharesOwnership (%)Value
Fairfax Asia Limited4,001,242,013801,264.39B
Public (Scripless)408,546,0298.17129.10B
Pt Bank Pan Indonesia Tbk388,000,0007.76122.61B
Public (Scrip)188,301,0743.7659.50B
Treasury Stock15,463,4000.314.89B

Largest Institutional Buy

No data is available for AMAG at the moment.

Largest Institutional Sell

Pharus Management Lux S.A.
Sold 31-01-2024
-1,285,400 shares

Institutional Transactions

Tracking institutional transactions buying / selling of AMAG stock