Asuransi Bintang Tbk

asbi

Overview

ASBI Overview

PT Asuransi Bintang Tbk is an Indonesia-based general insurance company, which is engaged in the provision of general, conventional, and sharia insurance services. The Company’s products provide protection across loss or damage, accident, and health. Its products and services include fire insurance, property all risk insurance, earthquake insurance, motor vehicle insurance, contractor all risks insurance, erection all risk insurance, electronic equipment insurance, goods transportation insurance, movable property all risks insurance, money insurance, travel insurance, e-commerce card protection insurance, fraudulent charges insurance, fidelity guarantee insurance, marine hull and machinery insurance, personal accident insurance, personal accident insurance for credit cardholders, health insurance and index-based crop insurance. The Company’s sharia insurance products include money insurance, salam safar (Umroh) insurance, and others based on principles of sharia.

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: ASBI

Development
Market Cap.
IDR 305.56Billion

~$19.27M USD

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

Valuation

ASBI Valuation Metrics

810

IDR

Closing Price on 2024-04-05

Price to Equity

26.87

P/E

At 26.87x P/E TTM, ASBI.JK is trading at a premium to its peers in the Insurance sector (avg 12.1x).

Price to Book

0.78

P/B

At 0.78x P/B TTM, ASBI.JK is trading in line with its peers in the Insurance sector.

Price to Sales

1.08

P/S

At 1.08x P/S TTM, ASBI.JK is trading at a discount to its peers in the Insurance sector.

Valuing Asuransi Bintang 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 Bintang Tbk relative to other stocks in the Insurance sector

Price/Cash Flow
-0.00x
Price/Forward Earnings
-
PEG Ratio
0.07x

Analyst Ratings

No analyst ratings available yet.

Last closing: IDR8102024-04-05
IDR 360.95

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of ASBI is IDR361, which is 54% lower than ASBI's last closing price of IDR810 (as of 2024-04-05).

Valuation Recap of ASBI 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 26.87x is above the ID market average of 8.22x and is trading at a premium to peers in the Insurance sector (12.09x). In fact, less than 25% of its peers trade at a higher P/E ratio than ASBI.
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 0.78x 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 1.08x 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 ASBI'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. ASBI's P/CF ratio of -0.00x is considered healthy by analysts.●●
Max 2
Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of ASBI is IDR 360.95, which is 54% lower than ASBI's last closing price of IDR 810.00.
Max 3

Peers

ASBI 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 ASBI stock
WeightNotesScore
High
At a market cap of IDR 305.56 billion, ASBI.JK ranks 10 in Market Cap out of 10 companies in the Financials sector.
Max 2
High
At a PE of 26.87, ASBI.JK ranks 3 out of 10 companies in the Financials sector for P/E value. The average PE is 29.15 (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 26.87, ASBI.JK is trading at a higher PE than that of its subsector peers in Insurance (median of 12.09). false●●
Max 2
Medium
At a revenue of IDR 0.28 trillion, ASBI.JK ranks 10 in Revenue out of 10 companies in the Financials sector.
Max 2
Medium
At a profit of IDR 0.01 trillion, ASBI.JK ranks 10 in Profit out of 10 companies in the Financials sector.
Max 2

Future

Future Growth of ASBI

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

Executive Management

President Director

Hastanto Sri Margi Widodo15.2 years
Reniwati Darmakusumah
Director
Jenry Cardo Manurung
Director
Zafar Dinesh Idham
Director
Yurivanno Gani
Director
NamePositionShares%
Hastanto Sri Margi WidodoPresident Director1,163,0000.33
Reniwati DarmakusumahDirector658,0000.19
Zafar Dinesh IdhamDirector1,050,0000.3
Expressed in millions IDR, unless otherwise stated

Ownership

ASBI Ownership

Others
17.11%
Insiders
82.89%
Institutions
0%
NameNumber of SharesOwnership (%)Value
Pt. Srihana Utama123,522,77635.46100.05B
Pt. Ngrumat Bondo Utomo87,302,16425.0670.71B
Pt. Warisan Kasih Bunda75,438,68821.6561.11B
Public (Scripless)47,245,10813.5638.27B
Public (Scrip)12,006,7363.459.73B
Hastanto Sri Margi Widodo1,163,0000.330.94B
Zafar Dinesh Idham1,050,0000.30.85B
Reniwati Darmakusumah658,0000.190.53B
No data is available for ASBI at the moment.