Asuransi Dayin Mitra Tbk

asdm

Overview

ASDM Overview

PT Asuransi Dayin Mitra Tbk is an Indonesia-based insurance company, which is engaged in conventional general insurance business. The Company carries on business activities, including insurance that specifically covered risk of loss, loss of property and belongings, including third party liability that may occur against property insured caused by certain events. The Company offers a range of insurance products, including personal accident insurance, fire insurance, travel insurance, marine cargo insurance, motor vehicle insurance, marine hull insurance, aviation insurance, liability insurance, engineering insurance, heavy equipment insurance, movable equipment insurance, money insurance, cyber risk insurance and micro insurance. It also provides coverage for financial institutions caused by theft, employee dishonesty, forgery, and property damage as a result from criminal act. Its fire insurance covers accidental loss and/or damage caused by fire, lightning, explosion, and smoke.

5101520ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: ASDM

Main
Market Cap.
IDR 189.70Billion

~$11.96M USD

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

Valuation

ASDM Valuation Metrics

494

IDR

Closing Price on 2024-04-05

Price to Equity

9.12

P/E

At 9.12x P/E TTM, ASDM.JK is trading at a discount to its peers in the Insurance sector.

Price to Book

0.52

P/B

At 0.52x P/B TTM, ASDM.JK is trading at a discount to its peers in the Insurance sector.

Price to Sales

1.15

P/S

At 1.15x P/S TTM, ASDM.JK is trading in line with its peers in the Insurance sector.

Valuing Asuransi Dayin Mitra 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 Dayin Mitra Tbk relative to other stocks in the Insurance sector

Price/Cash Flow
4.60x
Price/Forward Earnings
-
PEG Ratio
0.16x

Analyst Ratings

No analyst ratings available yet.

Last closing: IDR4942024-04-05
IDR 709.61

Considerably Higher Intrinsic Value: Analyst's intrinsic value is of ASDM is IDR710, which is 45% higher than ASDM's last closing price of IDR494 (as of 2024-04-05).

Valuation Recap of ASDM 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 9.12x 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 0.52x 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 1.15x 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 ASDM'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. ASDM's P/CF ratio of 4.60x is considered healthy by analysts.●●
Max 2
Medium
Considerably Higher Intrinsic Value: Analyst's intrinsic value is of ASDM is IDR 709.61, which is 45% higher than ASDM's last closing price of IDR 494.00.●●●
Max 3

Peers

ASDM 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 ASDM stock
WeightNotesScore
High
At a market cap of IDR 189.70 billion, ASDM.JK ranks 10 in Market Cap out of 10 companies in the Financials sector.
Max 2
High
At a PE of 9.12, ASDM.JK ranks 9 out of 10 companies in the Financials sector for P/E value. The average PE is 27.37 (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 9.12, ASDM.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 0.16 trillion, ASDM.JK ranks 10 in Revenue out of 10 companies in the Financials sector.
Max 2
Medium
At a profit of IDR 0.02 trillion, ASDM.JK ranks 10 in Profit out of 10 companies in the Financials sector.
Max 2

Future

Future Growth of ASDM

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

Executive Management

President Director

Dewi Mandrawan15.2 years
Purnama Hadiwidjaja
Director
Victor Maria S. Sandjaja
Director
Rosa Djunaidi*
Director
NamePositionShares%
No data is available for ASDM at the moment.
Expressed in millions IDR, unless otherwise stated

Ownership

ASDM Ownership

Others
15.35%
Insiders
78.64%
Institutions
6.01%
NameNumber of SharesOwnership (%)Value
Pt Equity Developoment Investment Tbke140,796,90073.369.55B
Public (Scripless)25,839,06013.512.76B
Pt Arthavest Tbk11,538,00065.70B
Pt Prima Tunas Investama10,185,6005.35.03B
Public (Scrip)3,640,4401.91.80B

Largest Institutional Buy

No data is available for ASDM at the moment.

Largest Institutional Sell

Pharus Management Lux S.A.
Sold 31-01-2024
-72,600 shares

Institutional Transactions

Tracking institutional transactions buying / selling of ASDM stock