PT Bank Jago Tbk.

arto

Overview

ARTO Overview

PT Bank Jago Tbk is an Indonesia-based company primarily engaged in the banking business. The Bank offers various banking products and services that are categorized into funding and lending activities, along with other supporting banking services. It offers Jago, a digital banking financial application that allows customers to manage their financial transactions. The Bank offers funding products, including current account, savings, time deposit, Wadiah current account with wadiah contract yad dhamanah, Wadiah savings with wadiah yad dhamanah contract and Mudharabah deposits with mudharabah muthlaqah contracts. Its lending products include working capital credit, investment credit, consumer credit, multipurpose credit, bank guarantee and others. Its other banking services include Payment of monthly bills, Remittance/RTGS/SKN, Inter-cities warkat invoices, In-city warkat invoices - clearing, ATM Bersama and Alto Network, Customer Fund Account (RDN) and Debit Card.

5101520ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: ARTO

Main
Market Cap.
IDR 35.84Trillion

~$2.26B USD

Industry
Banks
Sub-Industry
Banks
Sector
Financials
Sub-Sector

Valuation

ARTO Valuation Metrics

2,530

IDR

Closing Price on 2024-04-05

Price to Equity

1398.30

P/E

At 1398.30x P/E TTM, ARTO.JK is trading at a premium to its peers in the Banks sector (avg 13.8x).

Price to Book

4.30

P/B

At 4.30x P/B TTM, ARTO.JK is trading at a premium to its peers in the Banks sector (avg 0.9x).

Price to Sales

20.64

P/S

At 20.64x P/S TTM, ARTO.JK is trading at a premium to its peers in the Banks sector (avg 3.6x).

Valuing PT Bank Jago 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 Jago Tbk. relative to other stocks in the Banks sector

Price/Cash Flow
47.09x
Price/Forward Earnings
83.61x
PEG Ratio
-86.83x

Analyst Ratings

40
60
80
0
100

60.0

Undervalued

Fairly Valued

Overvalued

Valuation Recap of ARTO 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 1398.30x is above the ID market average of 8.22x and is trading at a premium to peers in the Banks sector (13.79x). In fact, less than 25% of its peers trade at a higher P/E ratio than ARTO.
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 4.30x is above the peers average of 0.88x in the Banks sector. ARTO trades at a higher P/B ratio than >75% of its peers in the Banks 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 20.64x is above the peers average of 3.61x in the Banks sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of ARTO's valuation relative to its current sales and future earnings growth. ARTO trades at a Forward P/E ratio of 83.61x, which is considered richly valued by analysts.
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. ARTO's P/CF ratio of 47.09x is considered a relatively high ratio by analysts.
Max 2

Peers

ARTO 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
ARTOPT Bank Jago Tbk.35.84T19.13T 1.74T 0.03T 1398.304.30
Competitiveness Recap of ARTO stock
WeightNotesScore
High
At a market cap of IDR 35,844.03 billion, ARTO.JK ranks 10 in Market Cap out of 10 companies in the Financials sector.
Max 2
High
At a PE of 1398.30, ARTO.JK ranks 1 out of 10 companies in the Financials sector for P/E value. The average PE is 166.29 (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. false●●
Max 2
Medium
At a PE of 1398.30, ARTO.JK is trading at a higher PE than that of its subsector peers in Banks (median of 13.79). false●●
Max 2
Medium
At a revenue of IDR 1.74 trillion, ARTO.JK ranks 9 in Revenue out of 10 companies in the Financials sector.
Max 2
Medium
At a profit of IDR 0.03 trillion, ARTO.JK ranks 10 in Profit out of 10 companies in the Financials sector.
Max 2

Future

Future Growth of ARTO

Growth Forecasts

ARTO 2024 Revenue Growth
+76.1%
ARTO 2024 EPS Growth
+1272.3%
Sector Revenue Growth
+14.6%
Banks
Indonesia Market Growth
+12.0%
IDX overall growth
Banks Sector Revenue Growth '24
+33.8%
Financials Sector Revenue Growth '24
+32.2%

Sector Benchmark

Banks companies in Indonesia are growing at a projected rate of 14.60% against the IDX average of +12.0%.

Banks sector overview

ARTO Earnings & Revenue Forecast

All values in IDR billion

Future growth prospect of ARTO
WeightNotesScore
High
ARTO's projected growth rate of 14.60% is above the ID market average of 11.98%.●●●
Max 3
High
The Banks sub-sector is projected to grow revenue by 33.80% in 2024. This number is higher than the previous year 2023's growth rate of 13.91%. This bodes well for ARTO's revenue growth prospects in the next 2 years. ●●●
Max 3
Medium
The Banks sub-sector is projected to increase earnings by 80.01% in 2024. This number is higher than the previous year 2023's EPS growth of 35.28%. This bodes well for ARTO's earnings growth prospects in the next 2 years. ●●●
Max 3
Medium
ARTO 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 75.53% in 2024 while revenue growth is projected to increase by 32.25%. These macroeconomic trends will likely be a tailwind for ARTO's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

Arief Harris Tandjung15.2 years

Vice President Director

N/A15.4 years
Peterjan Van Nieuwenhuizen
Director
Sonny Christian Joseph
Director
Tjit Siat Fun
Director
Umakanth Rama Pai
Director
NamePositionShares%
Arief Harris TandjungPresident Director46,646,3310.34
Expressed in millions IDR, unless otherwise stated

Ownership

ARTO Ownership

Others
25.94%
Insiders
63.87%
Institutions
10.19%
NameNumber of SharesOwnership (%)Value
Pt Metamorfosis Ekosistem Indonesia4,129,978,12529.8110,448.84B
Masyarakat Umum3,737,036,05126.979,454.70B
Pt Dompet Karya Anak Bangsa2,965,745,00021.47,503.33B
Wealth Track Technology Limited1,619,309,37511.694,096.85B
Gic Private Limited 1,257,535,1189.083,181.56B
Public (Scrip)100,000,0000.72253.00B
Arief Harris Tandjung46,646,3310.34118.02B

Largest Institutional Buy

BlackRock Institutional Trust Company NA
Bought 31-01-2024
+3,834,905 shares
NN Investment Partners (Japan) Co Ltd
Bought 31-01-2024
+1,679,200 shares
Dimensional Fund Advisors
Bought 31-01-2024
+1,299,400 shares

Largest Institutional Sell

BlackRock Fund Advisors
Sold 31-01-2024
-26,136,800 shares
JPMorgan Asset Management (Asia Pacific) Limited
Sold 31-01-2024
-18,873,591 shares
JPMorgan Asset Management (Europe) S.à r.l.
Sold 31-01-2024
-18,323,700 shares

Institutional Transactions

Tracking institutional transactions buying / selling of ARTO stock